Industrias de Aceite

Industrias de Aceite S.A. is a Bolivian food and consumer-products company operating under the Alicorp group. The company is associated most closely with FINO, a long-established Bolivian brand of cooking oils, spreads and related household products. Its principal business is the production and marketing of food products, especially vegetable oils derived from soybeans, although its portfolio also includes margarines, shortenings, soaps, detergents and fabric softeners. The business is commonly identified in Bolivia as Alicorp Bolivia or FINO following its incorporation into the Peruvian consumer-goods group Alicorp. The company was established in Cochabamba in 1944. Its FINO brand was introduced in 1954, creating the principal consumer-facing identity through which the business became known. A major manufacturing development followed in 1977, when production began at a plant in Warnes, in the Santa Cruz department. The company later maintained industrial facilities in both Warnes and Cochabamba, linking its operations to Bolivia's agricultural and commercial center in the east as well as to its historical base in the central highlands. Industrias de Aceite's industrial scale expanded substantially over time. By 2013, its vegetable-oil production capacity or output was reported at approximately 2,500 metric tons per day. The company has therefore occupied a significant position in Bolivia's edible-oils supply chain, converting oilseed inputs into packaged cooking oils and other consumer products for the domestic market. A decisive corporate transformation occurred in 2018, when Industrias de Aceite merged with ADM-SAO S.A., a Bolivian subsidiary of Archer Daniels Midland. In the same transaction, Peruvian consumer-goods company Alicorp agreed to acquire the combined business for US$292 million. The acquisition was completed on April 1, 2019. Since then, Industrias de Aceite has operated as a wholly owned international subsidiary of Alicorp, while FINO has remained its most visible consumer brand in Bolivia. The portfolio described in public reference material extends beyond FINO-branded oils. It includes FINO oil variants, FINO Light and FINO Mental Activ, Karina and Gordito shortenings, Regia and Regia Light margarines, and household-care products sold under UNO, AZO and OSO. The company also distributes a range of other food, pet-care, personal-care and household brands, including Van Camp's, Borges, Plusbelle, Don Vittorio, Mimaskot, Bolívar, Nutregal, Victoria and Super. The available material does not establish the precise current ownership or manufacturing arrangements for every distributed brand. Industrias de Aceite's present identity is consequently dual: it remains a Bolivian industrial and consumer-products operation with facilities in Warnes and Cochabamba, while also functioning as Alicorp's Bolivian platform. Its market position is built on everyday packaged food and household necessities, with FINO serving as the central brand associated with edible oils and spreads.

Industrias de Aceite was founded in Cochabamba in 1944 and developed into a major Bolivian producer of edible oils and other consumer goods. The FINO brand was launched in 1954 and became the company's principal consumer identity. In 1977, the company began production at a large industrial facility in Warnes, complementing its Cochabamba operations. The Warnes site placed the business close to Bolivia's eastern agricultural and commercial hub and became an important part of its production network. The company's core activity has been the manufacture of vegetable oils, particularly soybean-derived oils, together with spreads, shortenings and selected household-care products. Public reference material reported vegetable-oil production of approximately 2,500 metric tons per day by 2013, illustrating the scale reached by the business after decades of expansion. In 2018, Industrias de Aceite merged with ADM-SAO S.A., the Bolivian subsidiary of Archer Daniels Midland. Peruvian consumer-goods group Alicorp agreed to acquire the resulting business for US$292 million. The transaction closed on April 1, 2019, making Industrias de Aceite a wholly owned international subsidiary of Alicorp. In Bolivia, the operation is also associated with the names Alicorp Bolivia and FINO. Following the transaction, the company continued to be identified with FINO cooking oils and spreads while participating in a broader portfolio that includes margarine, shortening, soap, detergent and fabric-softener products. It also distributes selected international and regional brands. The available reference material does not provide a detailed account of subsequent management changes, additional acquisitions, marketing campaigns or current financial performance.

• 2019

  Alicorp transaction closes

  [1]Industrias de Aceiteen.wikipedia.org

  Alicorp's acquisition of the business was completed on April 1, 2019.

• 2018

  Merger with ADM-SAO and Alicorp acquisition agreement

  [1]Industrias de Aceiteen.wikipedia.org

  The company merged with ADM-SAO S.A. and was acquired by Alicorp in a transaction reported at US$292 million.

• 2013

  Vegetable-oil production reaches reported industrial scale

  [1]Industrias de Aceiteen.wikipedia.org

  Reported vegetable-oil production had increased to approximately 2,500 metric tons per day.

• 1977

  Warnes plant begins production

  [1]Industrias de Aceiteen.wikipedia.org

  Manufacturing began at the company's large plant in Warnes.

• 1954

  FINO brand introduced

  [1]Industrias de Aceiteen.wikipedia.org

  The FINO consumer brand was launched and later became the company's best-known identity.

• 1944

  Company founded in Cochabamba

  [1]Industrias de Aceiteen.wikipedia.org

  Industrias de Aceite was established in Cochabamba, Bolivia.

A Bolivian mass-market food and household-products company centered on edible oils and the FINO brand, with broad distribution and integration into Alicorp's international consumer-goods portfolio.

• Cooking oil

  Aceite FINO

  The core FINO cooking-oil line and the product family most closely associated with Industrias de Aceite. The company is described as specializing in food and cooking oils, particularly oils derived from soybeans.

• Cooking oil

  FINO Light

  A lighter-positioned variant within the FINO cooking-oil portfolio. Public reference material identifies it as one of the company's FINO-branded oil products but does not provide detailed formulation or launch information.

• Cooking oil

  FINO Mental Activ

  A specialized FINO oil variant listed among the company's products. The available reference does not specify its formulation, functional claims or launch date.

• Margarine

  Regia

  A margarine brand in the company's portfolio, accompanied by a Light variant. It broadens the business beyond bottled cooking oils into spreads and household food preparation products.

• Vegetable shortening

  Karina and Gordito

  Shortening brands listed among Industrias de Aceite's food products. The source material identifies the brands but does not provide further information about their recipes, packaging or market segmentation.

• Household cleaning products

  UNO, AZO and OSO

  Household-care products in the company's wider portfolio, including UNO detergent, Uno Caricias fabric softener, and soaps sold under UNO, AZO and OSO. The precise current status of each item is not documented in the supplied material.

• 2018

  Alicorp agrees to acquire the merged Industrias de Aceite businessM&A

  Background

  Industrias de Aceite merged with ADM-SAO S.A., an Archer Daniels Midland subsidiary in Bolivia, creating the business acquired by Alicorp.

  Action taken

  Alicorp agreed to purchase the business for US$292 million.

  Aftermath

  The transaction closed on April 1, 2019, and Industrias de Aceite became a wholly owned Alicorp subsidiary.

  Acquisition price. US$292 million transaction value (2018 agreement; completed April 1, 2019)

  Source

1. 1Industrias de Aceiteen.wikipedia.org