Tuesday, August 7, 2018

07/08/2018: Chilean salmon company AquaChile purchased by Agrosuper for $850 million

According to a recent report from Reuters, Agrosuper, one of Chile's top food producers, will purchase Chilean salmon company AquaChile for $850 million. This is the latest of multiple transactions as the South American salmon farming industry consolidates.
 
Image credit: Graham and Sheila on Flickr
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AquaChile, one of Chile's largest salmon producers, had recently struck a $255 million deal to purchase two smaller Chilean fish farming operations, boosting the company's access to the Magallanes region of Patagonia, a prime area of cold water ideal for salmon rearing.

Several salmon producing companies in Chile have moved to consolidate in recent months as demand and prices for salmon have increased and Chilean operations recover from several years of devastating outbreaks of red tide and salmon-specific viruses.

Visit the AquaChile website, HERE.

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