BRAZIL

Brazilian company Master Agroindustrial seals alliance with Coexca SA and opens a new stage of growth in Chile

The operation of the subsidiary of the Spanish Group Vall Companys involves the acquisition of 38% of the Chilean company and the exit of the Danish fund Impact Fund Denmark, enabling productive and industrial synergies.

Posted on Apr 15 ,00:25

The Brazilian company Master Agroindustrial (subsidiary of the Spanish Group Vall Companys), a specialist in pig farming and meat production, has sealed a corporate alliance with the livestock and meat company Coexca SA. This operation - which translates at the corporate level into an acquisition of 38% of the shares of Coexca SA - will enable productive, industrial, innovation and commercial synergies, opening a new stage of growth.

The acquired shares correspond, in part, to the exit of the Danish investment fund Impact Fund Denmark (IFU) - specialized in investments in developing countries - and a shareholding reorganization within the Chilean company. This transaction marks the beginning of a new phase for the company.

The value of this alliance lies in the addition of a specialized meat protein partner from the same economic sector that Coexca SA has been a part of throughout its history. Furthermore, Master Agroindustrial is part of the Spanish agri-food group Grupo Vall Companys, a European leader in pork and beef production.

This new corporate structure will allow Coexca SA to strengthen its development in the animal protein industry, in a context of growing demand for food in Chile and international markets. The incorporation of the European group into the ownership of Coexca SA, through Master Agroindustrial, will strengthen the development of synergies in raw materials, technological innovation, production development, and commercial expansion, both in Chile and in international markets.  

The assessment of the protagonists

“Integrating with Master Agroindustrial allows us to project a new stage of growth, backed by the experience of a leading company in Brazil and by one of the most important agri-food groups in Europe and the world: Grupo Vall Companys. We are very pleased with Master's addition to Coexca SA,” stated Guillermo García, CEO of Coexca SA

Based in the Maule Region, Coexca SA is a Chilean company specializing in the production and export of pork. It operates under a vertically integrated model, similar to Master's, encompassing all stages of the value chain, from breeding to industrial processing and marketing. The company reports sales of US$165 million, exports to more than 30 international markets, and employs over 1,000 people. It has up to 14,000 breeding sows, produces 473,000 animals annually, and processes over 56,000 tons of pork.

“This alliance represents an important step in Master’s internationalization process. Master currently exports its products to more than 20 countries and, through this partnership with Coexca, is also expanding its industrial operations. This investment reflects the confidence of Master and our shareholder, Grupo Vall Companys, in Coexca SA’s growth potential, as well as in the generation of significant synergies in innovation, production development, and commercial expansion,” stated Mario Faccin, CEO of Master.

Headquartered in Videira (Santa Catarina, Brazil), Master is a leading player in the Brazilian pork market, with annual revenue of US$250 million, over 2,000 direct employees, 350 partner producers, and an annual volume exceeding 100,000 tons of meat. The company has 42,000 breeding sows and produces 1,200,000 pigs annually, of which 30% are sold live and 70% are processed. The company is experiencing rapid growth and aims to double its revenue in its domestic operations by 2030.

For his part, Tomás Blasco, international manager of the Vall Companys Group, noted that “Coexca SA is a sector leader in pork production in Chile and a strategic partner to continue developing high-quality food solutions for important markets around the world.”

Founded in 1956 and headquartered in Lleida, Spain, the Vall Companys Group is one of Europe's largest agri-food conglomerates, with revenues exceeding €4 billion, over 15,000 employees, and collaborations with more than 2,500 integrated farmers. The group operates extensively in the agri-food industry, with a presence in various segments such as bread flour, beef, pork, and poultry, offering fresh, processed, cured, and frozen products. It also holds stakes in several companies in Mexico, Colombia, Uruguay, Peru, and Brazil.

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