Compania Pesquera Camanchaca, a seafood producer and exporter based in Chile, has divested its wholly-owned fishing and fishmeal subsidiary in Ecuador, Pesquera Centromar, to a group of investors led by Peru’s Congelados Peruana del Pacífico and Profish Trading.
Pesquera Camanchaca is a leading Chilean producer of salmon, trout, fishmeal and fish oil, frozen and canned fish, mussels, scallops and abalones. It holds approximately 20% of the Chilean pelagic quotas.
Camanchaca markets some of its products in the US under the seafood brand Pier 33.
Camanchaca CEO Garcia Holtz said that this deal shows the company's commitment to focus the energy and financial resources on its core businesses in Chile, namely salmon and pelagic fishing.
Glacier Securities, the New York-based subsidiary of Iceland's Islandsbanki, acted as lead advisor for the deal, providing investment banking services to Compania Pesquera Camanchaca.
