Carozzi Acquires Nutripro

Chilean food and agricultural products producer Empresas Carozzi announced it has acquired 100% of pet food maker Nutripro for CLP 37.6bn ($81.4m). The deal was privately negotiated. Nutripro generated sales of CLP 34.3bn in 2010. Carozzi says that, with the acquisition of Nutripro, it expects to generate pro forma revenues of $1.1bn in 2011. With the acquisition, Carozzi enters its sixteenth consumer category. According to Carozzi, the deal is part of its overall strategy to diversify its product portfolio.