Surlat, a subsidiary of Spanish company Kaiku Corporación Alimentaria, which is owned by the Swiss-based holding company Emmi Group, has merged with Chilean competitor Quillayes, both key market players in Chile’s dairy products industry. The merger is intended to open up new potential, expand product offering and strengthen sales.
Bofill Mir & Álvarez Jana served as counsel to Kaiku Corporación Alimentaria, advising on the deal to unite the two market-leading companies to form Quillayes Surlat.
The new company combines the assets, teams, portfolios and brands of both companies, and is expected to become the fourth biggest dairy products company in Chile with sales of around $170m. The operation is subject to approval by the Chilean antitrust regulator, the Fiscalía Nacional Económica.
The BMAJ team was led by corporate partner José Antonio Velasco, and included tax partner Guillermo Fonseca and antitrust partner Guillermo de la Jara, as well as senior associates Jorge Valenzuela and Daniela Severín and junior associates Valeria Carrasco and Diego Miranda.
Quillayes was represented by Cariola Diez Perez Cotapos y Cia.