The operation will accelerate the international expansion of both companies and strengthen their capacity for technological innovation. The foreign partners have also highlighted that Chile has international markets open and Coexca maintains active shipments to more than 30 destinations abroad.
The Brazilian company Master Agroindustrial, a subsidiary of the Spanish agri-food giant Grupo Vall Companys, has officially announced the acquisition of 38% of the shares of Chile’s Coexca S.A., one of the country’s main pork producers and exporters.
This financial operation will accelerate the international expansion of both companies and strengthen their capacity for technological innovation, Diario Financiero reported.
The incorporation of foreign companies positions Maule-based Coexca within a global network of meat protein production.
The alliance is based on the complementarity of their business models – both based on vertical integration –, which control everything from raising and feeding livestock to industrial processing and final commercialization. This new alliance also implies the departure of the Danish investment fund Impact Fund Denmark (IFU).
Industrial projection
The new agreement allows the Chilean company to inject solidity into its capital base and integrate a distribution network that will allow it to leverage future operations as a stakeholder in the global agri-food market. For the firm, which records annual sales of US$165 million, the entry of a new partner represents operational and financial support for a new phase of expansion.
«Joining Brazil’s Master Agroindustrial, a subsidiary of the Spanish Grupo Vall Companys, allows us to project a new stage of growth, supported by the company’s experience and by an agri-food group that is one of the most important in Europe and the world,» said Guillermo García, CEO of Coexca.
Master Agroindustrial, whose annual revenue is equivalent to US$250 million, sees Chile as a strategic platform for regional consolidation. According to its CEO, Mario Faccin, this partnership will promote two-way benefits in sectoral “know-how”.
«It represents a further international step for the company, being able to share experiences between the two countries. This is what we are looking for, and we think we can help and be helped in the growth of both companies,» Faccin said.
Grupo Vall Companys, headquartered in Spain with revenues exceeding €4 billion, emphasized that the choice of Coexca S.A. is part of a strategy to select high-profile partners in Latin America.
Tomás Blasco, head of international expansion, explained that beyond the nominal investment, the focus was on the professional quality of the partners.
«The most important thing for us was clearly to find the best possible partners, and in practically every country we have the partners we really want, very professional people with a magnificent track record. We believe that we are able to improve production efficiency through Master. Furthermore, Chile has all international markets open and is an extraordinary export route for us,» Blasco stated.
Production volume
The alliance brings together two stakeholders with a strategic production volume at the regional level. On the one hand, Chile’s Coexca S.A. maintains active shipments to more than 30 international markets and processes over 56,000 tons of meat annually.
Its operation, which generates over a thousand direct jobs, is currently based on 14,000 breeding matrices. Meanwhile, Brazil’s Master Agroindustrial operates with 42,000 breeding stock and has a production capacity of 1.2 billion pigs per year.
Its business model is also characterized by directly integrating a network of 350 associated producers to its value chain.
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