Alpina Looks North

Colombian food company Alpina has said it will start a push for acquisitions, both within the region and in North America, in its bid to become a Colombian multinational. It plans to raise funds via a local bond issue, although no details have been finalized. Acquisition of a US dairy, probably in California, for up to $100 million would be top of the list, followed by acquisitions in the Dominican Republic, Puerto Rico and Panama. Alpina already has operations in Ecuador and Venezuela.