Alantra advises San Francisco de Loncomilla on its sale to Empresas Carozzi

Dec 2022

Sell-side advisory

Santiago de Chile – Alantra, the global investment banking and asset management specialist, is pleased to announce that it has advised the shareholders of San Francisco de Loncomilla on its sale to Empresas Carozzi (“Carozzi”). The purchase price for the shares was $43 million.

Founded in 1975 in San Javier, Maule Region, Lecherías Loncomilla, along with its San Francisco de Loncomilla brand, is the current leader in the Chilean premium dessert and ice cream segment, combining a unique artisan tradition and the best quality natural ingredients.

Empresas Carozzi is one of the main mass consumption companies in the Latin American region, with 124 years of history and a presence in 25 food categories. Carozzi operates in Chile, Peru, and Argentina. It also has commercial offices in Paraguay and the United States, and exports to more than 50 countries across the world.

This transaction enables Carozzi to consolidate its position in the market and complement its current offer in the ice cream segment. Following the transaction, the San Francisco de Loncomilla team will be integrated into Carozzi.

Sebastián García, General Manager of Carozzi, stated: “We hope to continue with the tradition started almost 50 years ago in San Javier, in the Maule Region, and expand our current offer of ice cream while enriching the value proposition for our consumers.”

Francisco Mac Clure, Founder and President of Lecherías Loncomilla, said: “This agreement will allow us to further our growth hand-in-hand with a company with renowned experience in the region, and present in different categories with brands highly valued by families. We see in Carozzi a Chilean company capable of giving continuity to the San Francisco family tradition and dynamism to the market for premium frozen desserts and ice creams”.