The Bankruptcy of SanCor: the Race Began to Keep the Assets of the Historic Dairy
7 Articles
7 Articles
Almost a month after the Justice decreed the bankruptcy of SanCor Cooperatives Unidas Limitada (CUL), the race for the assets of the historic dairy began formally. This Wednesday, important companies participated in Sunchales, Santa Fe, headquarters of the company, of a first official meeting organized within the framework of the judicial process to advance the future sale of plants, brands and other assets of the cooperative. According to the A…
Among those interested are national and international firms linked to the dairy business. The French multinational Savencia, owner of Milkaut, seeks to strengthen its regional presence by taking advantage of the industrial structure still preserved by SanCor. Adecoagro also appears, which aims to expand its vertical dairy after the growth of brands such as Las Tres Niñas and Angelita.
La Justicia Santafesina advances with the process of integral sale of SanCor after the bankruptcy of the firm, while national and foreign companies negotiate the acquisition of their plants and production units. Read more
Six bidders compete to buy Sancor’s assets, the cooperative that asked for its own bankruptcy, after dragging a debt of USD 120 million and years of financial and productive crisis. It was known that most of the interested companies are dairy companies that had already made contact with Sancor when the first rumors of bankruptcy arose [...] Sancor’s entry Bankruptcy: 6 local and foreign companies compete to buy what remains of the dairy giant wa…
As the judicial process progresses over the bankruptcy of Sancor, demanded by the cooperative itself in the face of its endless financial crisis, in the last hours the Association of Workers of the Milk Industry of the Argentine Republic (Atilra) revealed that there are several companies of weight in the sector that would be interested in buying it. Punctually, Atilra disseminated a statement in which it reported that there was a “meeting of off…
In the context of the bankruptcy with continuity of operation of the dairy cooperative Sancor, the first official day of contact with potential buyers was held. Companies such as Savencia, Adecoagro and Elcor participated, among others. Atilra’s secretary general, Etín Ponce, led the meeting “to ensure that workers’ rights are respected and that the sources of employment are continued”.
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