Industrias de Aceite

Last updated
Industrias de Aceite S.A.
Company type Public
BBV: FIN
Industry Food & Beverages
Founded1944
Headquarters,
Area served
Bolivia
Owner Alicorp
Website Fino

Industrias de Aceite S.A. doing business as Alicorp Bolivia or FINO, is a Bolivian consumer food and personal care products company that specializes in food and cooking oils, [1] particularly soybean-derived oils. [2] [3] It is a wholly owned international subsidiary of Alicorp. [1] [3] Industrias de Aceite is headquartered in Santa Cruz [1] with a large plant located in Warnes. [3] [2] It also has a plant in Cochabamba. It is known for its FINO brand oils and spreads. [2]

Contents

History

The company was founded in 1944 [1] in the city of Cochabamba. The FINO brand was introduced in 1954. Production in the Warnes plant began in 1977. [2]

By 2013 vegetable oil production had increased to 2,500 metric tons (2,800 short tons) per day. [2]

In 2018 it merged with ADM-SAO S.A., subsidiary of Archer Daniels Midland, and was acquired by Peruvian consumer goods company Alicorp S.A.A. for 292 million USD. [4] The deal closed April 1, 2019.

Products

The products of Industrias de Aceite include: [5]

Distributed by FINO: [6]

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References

  1. 1 2 3 4 "Company Overview of Industrias de Aceite S.A." Bloomberg . Retrieved December 29, 2017.
  2. 1 2 3 4 5 "Pioneros del Sector Oleaginoso en Bolivia" (in Spanish). FINO. Retrieved December 29, 2017.
  3. 1 2 3 Ross, Robert L. (2000). Mission Possible: The Story of the Latin American Agribusiness Development Corporation (LAAD) . Transaction Publishers. p.  90. ISBN   0765800357 . Retrieved December 29, 2017. Industrias de Aceite bolivia oil production.
  4. "Alicorp compra industrias Fino por $us 292 millones | EL DEBER". eldeber.com.bo (in Spanish). Retrieved 2020-07-13.
  5. "Marcas Propias" (in Spanish). FINO. Retrieved December 29, 2017.
  6. "Marcas Distribuidas" (in Spanish). FINO. Retrieved December 29, 2017.