Chilean salmon company, Australis Seafoods, through its subsidiaries Australis Mar and Pisciculturas Rios Mallin, is acquiring Chilean salmon processor Pesquera Torres del Paine Limitada for $26.5 million (€23.3 million).
Pesquera Torres del Paine has a salmon processing plant in Punta Arenas, Magallanes region.
The takeover is still subject to formal approval by authorities, according to an announcement on the Santiago Stock Exchange.
The company is further establishing its operations in the region to supply expanding markets, CEO Ricardo Misraji told IntraFish in January.
