8th SCAPET, Recycling & Food Contact Plastics

26-28 May, 2021 - Lima, PERU

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San Miguel Industrias Ecuador invests in Plásticos Ecuador

Posted on : 27 Feb, 2020

San Miguel Industrias Ecuador SANMINDEC SA, an Ecuadorian company related to the Peruvian group Intercorp, is acquiring part of the assets of the economic operator Plásticos Ecuador SA. The acquired company produces plastics packaging for food products such as milk and yogurt containers, lids, tubs, etc.
The Superintendence of Market Power Control (SCPM) has approved the asset purchase operation, and the “contract of sale of assets concluded between Plásticos Ecuatorianos SA and San Miguel.
Ecuadorian Plastics has many national shareholders including the Ecuadorian Episcopal Conference, Social Security Bank (Biess), Albión Casa de Valores, Pasteurizers Quito, among others.
Ecuador has witnessed foreign investments in recent years – Arca bought Tonicorp (2014); Corporación Multi Inversiones de Guatemala (2017) acquired 50% of Pronaca; Femsa is made of the GPF Corporation -Sana Sana, Fybeca, Okidoki- (2019).
For the latest on PET packaging markets in South Central Americas, attend CMT’s 8th SCAPET, Recycling & Food Contact Plastics in LIMA Peru.
For enquiries in Spanish, contact Tanya at tanya@cmtsp.com.sg or call at +52 55 7157 3697.        
For enquiries in English, contact Hafizah at hafizah@cmtsp.com.sg or call +65 6817 5744.
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