Peru Fisheries Seen Consolidating

Peru Fisheries Seen Consolidating

M&A

Peru's fishmeal and fish oil producing sector still has room to consolidate, industry participants say, though M&A is not expected to repeat the frenzy of 2006-2008. Following an intense bout of acquisitions in those years, about 60% of the sector is in the hands of 5 companies. "In the medium term, there is a need for further consolidation. Prices are a bit high for us now, but maybe not for others," Eduardo Castro Mendivil, CFO of Copeinca, Peru's largest producer, tells LatinFinance. He adds

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