Chocolates Agrees To Buy Peru’s Good Foods

Colombia’s Compañía Nacional de Chocolates, the country’s largest food retailer, has agreed to buy Peruvian company Good Foods for $36 million. The acquisition will be carried out via Chocolates’ Peruvian unit and the company hopes to close the sale by February of next year. Chocolates aims to make its presence felt in the Peruvian market with the acquisition, which is the fifth in the region this year. The company plans to finance the acquisition via a bank loan.