Camil Alimentos, a leading rice-processing company from Brazil, has made its mark in the international food and beverage industry by acquiring Rice Paraguay and a majority stake in Villa Oliva Rice. This bold move comes as part of its strategic expansion efforts aimed at capitalizing on current food and drink consumer trends.
The acquisition was finalized through a transaction with Q2PY, the Paraguayan company, covering a complete 100% stake in Rice Paraguay and an 80% share in Villa Oliva Rice. Notably, Q2PY is under the leadership of Camil’s CEO Luciano Quartiero. Following this acquisition, a purchase and sale agreement will be established between Q2PY and Camilatam, a subsidiary of Camil.
In financial terms, Camilatam is set to acquire the majority shares of Villa Oliva from Q2PY for $33 million. The successful completion of this transaction hinges on standard conditions, including the transfer of specific rural properties from Villa Oliva to Q2PY.
Post-acquisition, both Rice and Q2PY will lease 18,000 hectares of land along with the existing irrigation systems to Villa Oliva for a duration of five years. There will also be an option to extend this lease by an additional five years.
This strategic acquisition allows Camil to strengthen its position in the food and drink business while enhancing its operational capabilities in rice production. Upon the conclusion of this agreement, Q2PY will oversee Rice and the related rural properties, while Camilatam will maintain a controlling interest in Villa Oliva. It ensures that Villa Oliva will own the necessary operational assets, including agricultural equipment and industrial facilities, to support rice processing efficiently.
