Pepsi buys Peruvian company
Purchase-based PepsiCo Inc. said this morning it has acquired Karinto S.A.C., a Peruvian-based marketer of corn chips, nuts and seeds, for an undisclosed price.
The company said the acquisition shows its commitment to invest in South America. It follows the recent acquisition of Brazilian snack company Comercio de Doces Lucky Ltda., maker of the Torcida and Fofura brands.
Karinto and its manufacturing partner, Bocaditos Nacionales S.A., were founded together in Lima in 1968, PepsiCo said. Their product portfolio includes Los Cuates chips, Fripapas and Papi Frits potato chips and a variety nutritious snacks, including seeds, raisins, mixed nuts and the number one-selling peanut brand in Peru, the company said.
The acquisition includes both companies, including two manufacturing plants in Lima, and all of their brands.