Peru’s Alicorp S.A.A. has acquired 100% of Argentina-based Stanford S.A. shares, reports today local press.
This the second major operation that Alicorp, owned by the Romero Group, makes this year, after entering ice-cream market in Ecuador.
Acquisition of cookies producer and distributer Okebion is an important step in the development of Alicorp’s strategy to grow in the Mercosur, and is its first investment in Argentinian markets, states the company’s press release.
Alicorp will apply its knowledge in the cookies market, which the company leads in Peru. Up to now, Alicorp Argentina has been working only in the area of personal care and home care products.
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