Copeinca close to choosing strategic partner

Before the year is out, Pesquera Copeinca of Peru should have decided on the incorporation of a strategic partner with whom to expand its role in the direct human consumption segment of the fishing sector. At present, it participates in this area via the subsidiary Marinasol. Samuel Dyer, general director at Copeinca, states that the partner should bring both capital and (processing) know-how to the table since his firm will stick to mackerel fishing by and large.

Marinasol plans to build a canned- and frozen-fish plant in Paita for US$10mil soon. Dyer already has a partner in mind, a big international operation allegedly. Copeinca is currently merging with Pesquera San Fermin and Piangesa, two firms bought last year.

Publication: SABI - Business News
Provider: South American Business Information
Date: October 9, 2008

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