Aquisition: Joined forces in Latin America
Aquisition

Joined forces in Latin America

Asuan / Frontmatec
Founded in 1998 to deliver innovative and customized solutions to the local meat industry in Uruguay, Asuan has grown to become one of the leading suppliers of deboning and packaging systems to the Latin American market.
Founded in 1998 to deliver innovative and customized solutions to the local meat industry in Uruguay, Asuan has grown to become one of the leading suppliers of deboning and packaging systems to the Latin American market.

DENMARK, Kolding. Frontmatec, the leading global supplier of customized equipment and automation solutions to the red meat industry has entered into an agreement to acquire a majority stake in the leading Uruguayan manufacturer of meat processing and packaging systems for Latin America, Asuan S.A.

The past three years has seen the development of a very positive and successful partnership between Frontmatec and Asuan. Several large projects in Latin America have been secured by combining our respective product offering and technical skills. Building on this success, it is natural for both parties to formally join forces. The acquisition in Asuan follows the Frontmatec strategy of geographical expansion in selective markets with strong growth potentials. The partnership strengthens the Frontmatec offering within beef processing where Asuan is particularly strong. The acquisition marks another step in the ambition of Frontmatec to become the global preferred supplier of equipment, projects, automation, and service to the red meat industry.

The current owners and founders of Asuan, Eduardo Delbono and Alvaro Maldonado will continue as joint CEO’s holding a significant ownership in Asuan.

About Asuan

Founded in 1998 to deliver innovative and customized solutions to the local meat industry in Uruguay, Asuan has grown to become one of the leading suppliers of deboning and packaging systems to the Latin American market. Based in Montevideo, Asuan employs 125 highly experienced employees at its new Headquarters & Manufacturing Center in Uruguay and its subsidiaries in Brazil and Mexico.

Source: Frontmatec

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