Deal allows Grupo HAME to diversify its existing operations in bananas, palm oil and avocados and move into Peru for first time
Peru’s Agrokasa Holdings, along with its subsidiary Sociedad Agricola Drokasa, has entered into an agreement to sell 100 per cent of its interest in Agrokasa to agro-industrial conglomerate Grupo HAME. The terms of the transaction were not disclosed.
Agrokasa, founded in 1995 and headquartered in Lima, is ranked as one of the largest grower-exporters of avocados, table grapes, blueberries and asparagus in Peru. During the past 27 years, the company has developed operations in lca and Barranca in the Peruvian central coastline region.
With the acquisition of Agrokasa, Grupo HAME, which has been in business for 71 years, strengthens its position as a global player in the agro-industrial segment and adds diversification to its existing operations in bananas, palm oil and avocados.
“We are very grateful to our shareholders and board members who had the vision and patience to continuously support us in building this wonderful success story called Agrokasa,” said Jose Antonio Castro, CEO of Agrokasa. “The future for Agrokasa and its 6,000 employees is very bright as we join the Grupo HAME family and continue to grow our business.”
Castro assumed the post of CEO from Carlos Arrese in June and will continue to lead the company’s development along with key executives at Agrokasa.
Grupo HAME was founded in Guatemala in 1952 and expanded its operations to Costa Rica, Mexico and Colombia. HAME is a leading group in Latin America in the production and export of sustainable palm oil, an industry in which is a reference of productivities, efficiencies and sustainability.
Current operations include the cultivation and export of bananas (in which it is one of the world’s largest producers), plantains and avocados in Guatemala and Colombia.
With the acquisition of Agrokasa, Grupo HAME adds Peru to its territories, becomes a company with over 33,000 employees and enhances its geography and product diversification.