Overview
- Judicial officials held a first formal meeting with potential buyers at SanCor’s Sunchales headquarters on Wednesday where the company’s financial and operational records were shared to begin the sale process.
- At least six groups have signaled interest, including Savencia, Adecoagro, Punta del Agua, Elcor and La Tarantela, and businessman Gustavo Scaglione has indicated plans to present an offer with foreign partners.
- The court declared SanCor bankrupt but authorized a continuity-of-exploitation regime so factories keep running under fason (third‑party processing) contracts while the asset sale proceeds.
- The imminent pliego licitatorio, or tender document, will set the rules and timeline for formal bids and explain whether assets will be sold as a single package or unit by unit.
- SanCor’s steep decline and large verified debts—operating six of 14 plants and processing far less milk than in past years—mean the sale will shape market concentration and affect about 914 direct employees, local suppliers and dairy communities.