Industrias de Aceite S.A.
TypePublic
BBV: FIN
IndustryFood & Beverages
Founded1944
Headquarters
Santa Cruz de la Sierra
,
Bolivia
Area served
Bolivia
OwnerAlicorp
WebsiteFino

Industrias de Aceite S.A. doing business as Alicorp Bolivia or FINO, is a Bolivian consumer food and personal care products company that specializes in food and cooking oils,[1] particularly soybean-derived oils.[2][3] It is a wholly owned international subsidiary of Alicorp.[1][3] Industrias de Aceite is headquartered in Santa Cruz[1] with a large plant located in Warnes.[3][2] It also has a plant in Cochabamba. It is known for its FINO brand oils and spreads.[2]

History

The company was founded in 1944[1] in the city of Cochabamba. The FINO brand was introduced in 1954. Production in the Warnes plant began in 1977.[2]

By 2013 vegetable oil production had increased to 2,500 metric tons (2,800 short tons) per day.[2]

In 2018 it merged with ADM-SAO S.A., subsidiary of Archer Daniels Midland, and was acquired by Peruvian consumer goods company Alicorp S.A.A. for 292 million USD.[4] The deal closed April 1st, 2019.

Products

The products of Industrias de Aceite include:[5]

  • Aceite Fino
  • Aceite Fino Mental Activ
  • Detergente UNO PRO
  • Suavizante Uno Caricias
  • Aceite Fino Light
  • Jabon UNO
  • Jabon AZO
  • Jabon OSO
  • Manteca Karina
  • Manteca Gordito
  • Margarina Regia
  • Margarina Regia Light
  • Primor

Distributed by FINO:[6]

  • Van Camp's
  • Borges
  • Plusbelle
  • Don Vittorio
  • Mimaskot
  • Bolívar
  • Nutregal
  • Victoria
  • Super

References

  1. 1 2 3 4 "Company Overview of Industrias de Aceite S.A." Bloomberg. Retrieved December 29, 2017.
  2. 1 2 3 4 5 "Pioneros del Sector Oleaginoso en Bolivia" (in Spanish). FINO. Retrieved December 29, 2017.
  3. 1 2 3 Ross, Robert L. (2000). Mission Possible: The Story of the Latin American Agribusiness Development Corporation (LAAD). Transaction Publishers. p. 90. ISBN 0765800357. Retrieved December 29, 2017. Industrias de Aceite bolivia oil production.
  4. ↑ "Alicorp compra industrias Fino por $us 292 millones | EL DEBER". eldeber.com.bo (in Spanish). Retrieved 2020-07-13.
  5. ↑ "Marcas Propias" (in Spanish). FINO. Retrieved December 29, 2017.
  6. ↑ "Marcas Distribuidas" (in Spanish). FINO. Retrieved December 29, 2017.
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