21 March 2022 - Cargill plans to acquire a 24.5% stake in Salmones Multiexport S.A. (Multi X), a subsidiary of Multiexport Foods S.A. a Chilean salmon farming company. Meanwhile, Mitsui, another shareholder of Multi X since 2015, will increase its shareholding by 1.13%, to 24.5%. Multiexport Foods S.A. said it maintains control of Multi X with 51% of the total shares.
Founded in 1987, Multi X operates facilities between Araucanía and the Magallanes Region.
José Ramón Gutiérrez, Chairman of Multiexport Foods, said: "Adding Cargill as a new partner of Multi X will be a strategic and decisive step in the next stage of development of the company.”
Tim Noonan, managing director for Cargill’s seafood business, added: “This partnership is an important next step in the development of our seafood strategy and will leverage our capabilities across the value chain, including consumer insights, culinary innovation, value-added processing know-how, risk management, and fish nutrition and health solutions.”
