In wake of AquaChile acquisition,

(06/13/18)

salmon exec foresees more Chile M&A

Consolidation of the Chilean salmon industry is a trend expected to continue, following the announcements of the sales of Salmones Magallanes and Salmones Friosur earlier this month, said Oscar Garay, farming director at the first of the two firms going to be acquired.

Chile's largest salmon farmer, Empresas AquaChile, said its $255 million acquisition of the Magallanes-based firm will mean it can expand into the country's southernmost region.

Meanwhile, Agrosuper, the Chilean parent company of Los Fiordos, announced its $229m deal to buy the salmon division of Friosur and...........................................


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