Mitsubishi merges Chilean producers
The Mitsubishi Corporation has officially merged its two South American aquaculture subsidiaries, Salmones Humboldt and Cermaq Chile, today.
Following the acquisition of Cermaq ASA in 2014, Mitsubishi owns both producers. Between them they have 130 farming licences and 15 hatcheries. Both will now be under the Cermaq Chile umbrella and it is hoped the merger will create a number of synergies, thereby increasing the new company’s levels of competitiveness.
“The two companies hold a wealth of competence and their integration will enable us to build on best practices of both companies to increase our competitive level, with emphasis on a quality product and the sustainability of the process,” says Francisco Miranda, COO of the newly merged company.
The merger process has been planned and implemented by a team made up by representatives from Salmones Humboldt and from Cermaq Chile, and the union representatives have been informed during the process.
“A merger is a challenging process, company cultures shall unite, business processes and IT systems must be complemented, and a successful outcome requires that employees will give the best of themselves. In this way we will build a strong and united company culture,” Miranda underlines.
