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Alicorp Signs Agreement to Acquire 60% of Inka Crops and Procesadora Tropical

The deal remains contingent on required approvals.

Overview

  • If completed, the transaction would mark Alicorp’s entry into the snacks category within its Foods business.
  • Inka Crops produces Andean-ingredient snacks under brands such as Inka Chips and Inka Corn sold in more than 25 markets, including the United States, Ecuador and Chile.
  • Acquiring stakes in both the snack maker and its supplier would establish a vertically integrated chain from raw materials to commercialization.
  • Procesadora Tropical supplies Inka Crops with key inputs and works closely with Peruvian agricultural producers.
  • Alicorp disclosed the potential 60% stake purchase in a market filing as part of its portfolio diversification strategy.