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Pepsi buys Peruvian company

April
17

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.

This entry was posted on Friday, April 17th, 2009 at 9:20 am by Allan Drury. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Acquisitions

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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