Santiago Blaquier is advancing in the acquisition of the La Trinidad sugar mill in Tucumán, which would make his company the largest player in the region's sugar production.
Santiago Blaquier of Ingenios de Tucumán SA is negotiating to acquire the La Trinidad sugar mill, which currently belongs to Ricardo Sixto Ansonnaud. This move follows Blaquier's recent purchase of the Concepción sugar mill, and if successful, his company aims to boost its production capacity to a significant 5.5 million tons of sugar cane. The acquisition is currently in the due diligence phase and is nearing completion.
The purchase price for La Trinidad is estimated to be around 40 million US dollars. Despite the presence of a signed letter of intent, the deal has not been finalized yet, leaving the possibility open for unforeseen challenges in the negotiation process. Sources close to the company have emphasized the importance of this acquisition in establishing a strong foothold in the competitive sugar market of Tucumán.
If the acquisition goes through, Ingenios de Tucumán SA would solidify its position as a leading player in the region, potentially reshaping the landscape of agro-industrial production in Argentina. This decision could have significant implications for the agricultural sector, particularly in terms of production capabilities and market dominance, as Blaquier's vision of a larger, more integrated sugar supply chain begins to take shape.
