Sur Papel SpA

Grupo Nutresa seeks approval to buy Colombian packaging maker Empicolsa

Grupo Nutresa has asked Colombia's competition authority, the SIC, to pre-clear its purchase of 100% of Empaques Industriales de Colombia (Empicolsa), a corrugated box maker whose Chilean parent Sur Papel SpA would make a full exit. Empicolsa's boxes would supply Nutresa units including Galletas Noel and Compañía Nacional de Chocolates; the parties put its share of Colombian corrugated board below 5%. The deal is to close once the SIC grants Phase I clearance.

Why this mattersA food group buying its own box plant integrates packaging supply vertically; at under 5% share, Empicolsa leaves Smurfit Westrock and local converters leading Colombian corrugated.

• Grupo Nutresa filed request 26-454522-0000 with Colombia's SIC for pre-evaluation of the acquisition
• The deal covers 100% of the shares in Empaques Industriales de Colombia (Empicolsa)
• The seller is Chilean parent Sur Papel SpA, which would make a full exit from the company
• The parties state Empicolsa holds under 5% of Colombia's corrugated board market
• The boxes would supply Nutresa units including Alimentos Cárnicos, Galletas Noel, Compañía Nacional de Chocolates, Doria, Meals de Colombia, IRCC and Atlantic FS
• The filing names Smurfit Westrock, Cartones América, Empacor and Cartonera Nacional as active competitors in Colombian corrugated

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