Blumar aquires coho salmon farmer

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More M&As in Chile as company purchase Salmones Ice-Val in multimillion dollar deal.

Blumar have announced in a financial report that it has bought 100% of Salmones Ice-Val for USD 51 million, as reported in Latercera.

In the deal, they’ll get five sea licences located in the Aysen Region, where three farms have produced a total annual production of 7,000 tonnes of salmon in the last two years. Ice-Val is privately-owned by Martin Balbi.

Blumar linked to the Sarquis family said that it wanted the purchase to deliver, in the medium term, stability in its salmon production program.