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Home / peru / Alicorp bought the Intradevco cleaning company for $ 490.49 million. | Economy | Companies

Alicorp bought the Intradevco cleaning company for $ 490.49 million. | Economy | Companies

The Peruvian mass consumer company Alicorp announced – by a fact of importance – that its subsidiary Alicorp Inversiones acquired all the shares of the registered capital of the company Tecnología Aplicada.

The Applied Technology company, it should be noted that it has 99.78% of the ordinary shares of Intradevco Industrial and 98.65% of ordinary shares of Intradevco, both companies incorporated in Peru and indirectly through Intradevco Industrial of 100% of the shares. of Atlantis, a company incorporated in Uruguay.

Intradevco is a company dedicated to the field of cleaning and its main brands are Sapolio, Patito, Amor, Premio, Platex, Broncex, among others. While working personally, its main brands are Dento, Aval and others.

The amount of the transaction amounted to 490,491,618 dollars . The Peruvian company also reported that the payment of the sale price of the shares of the Applied Technology company was made by obtaining a High Non-Obligated Credit Agreement from Bank Of America N.A., Citibank N.A. and The Bank of Nova Scotia worth $ 500,000,000.

"This operation represents an extraordinary opportunity to continue generating value and well-being." For many years, we have admired the processes of production, distribution and diversification of categories that gave Intradevco the recognition it has today, to which we can add knowledge in the management of the brands of Alicorp. That is why we are full of enthusiasm that today we begin to forge a new growth story together, "said Alicorp CEO Alfredo Pérez Gubbins.

With this operation, the executive added, Alicorp strengthens its offer of value in Peru, where it competes with the most important multinationals in the world in various categories within the home care and personal care platforms.

"We share a common history with Intradevco: we always prioritize giving our consumers the best in terms of prices, quality and innovation in all our brands. Our commitment is to continue working like this, having the best portfolio of products and brands to our customers and consumers, "said Perez Gubbins.

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