NotCo, the Chilean food tech company, has sold its Brazilian business to local investment group Ferrara, three months after agreeing to transfer its operations in Argentina and Uruguay to Molinos Río de la Plata. The deal further reduces the number of markets where NotCo runs its branded food business itself, with financial terms left undisclosed. Operating in Brazil for six years, NotCo saw its NotMilk brand become the second-largest national …
NotCo
Molinos Rio de la Plata, Argentina’s largest branded food company, has agreed to purchase 100% of Chilean plant-based food firm NotCo’s operations in Argentina and Uruguay. Financial terms of the transaction were not disclosed. In a filing with the Argentina stock exchange, Buenos Aires-headquartered Molinos Río de la Plata stated that the addition of the NotCo assets represents “a clear opportunity to continue expanding the consumption occasions” it caters to. …
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