Chilean FMCG manufacturer Empresas Carozzi has entered an agreement to acquire ice cream firm Lecherias Loncomilla.
Lecherias Loncomilla, owner of the San Francisco ice-cream brand in Chile, was founded in 1975 and produces frozen desserts that supply the retail channel.
According to sources, Empresas Carozzi was founded in 1898 and is the fourth-largest ice-cream maker in South America. The company entered the ice-cream category in 2020 through the acquisition of the Bresler and Melevi brands from Unilever and also produces foods such as pasta, cereal, biscuits, confectionery, and cooking oils, exporting to Argentina and Peru.
Francisco Mac Clure A, president and founder of Lecherias Loncomilla, said: “This agreement allows us to project San Francisco over time, hand in hand with a company with great experience in Chile and the region, present in different categories and with brands highly valued by families. We see in Carozzi a Chilean company capable of giving continuity to the family tradition of San Francisco and dynamism to the market of frozen desserts and premium ice creams”.
Financial terms of the agreement were not disclosed.
Source: Just Food / Linares en Linea