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Thursday, December 1, 2022

who are the new owners of Las Acacias

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Although the number of the operation is unknown, the multinational company confirmed that will control 100% of your new acquisition. According to media from their country of origin, the current controllers will remain in the business for up to two years and will then be succeeded by a mix of Brazilian executives from M. Dias Branco with professionals already operating locally.

Billing of the new owner of Las Acacias

M. Días Branco comes from absorbing another country company, Jasmine, in June. However, this is the first international acquisition of him. The group, whose headquarters are in Ceará –in the Brazilian northeast– was founded in 1953 –one year after Las Acacias– and now It has more than 20 brands of pasta, cookies, toast and margarine. Some of them, like Isabella, Piraque Y Nikitoare exported to more than 40 countries, including Uruguay.

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The billing of the holding that has 17 industrial units and employs around 14,000 workers reached the $1.5 billion in 2021. According to the financial results of Las Acacias, the new member of the group will contribute about USD 120 million annually to that amount.

One of its distribution centers is in the municipality of Bento Gonçalves, in southern Brazil, about 500 kilometers from the border with Uruguay. One of the intentions of the new owners of Las Acacias is take the Uruguayan company to the international market and deepen the importation of its products from Brazilian territory.

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Source: Ambito

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