Flora Food Group has agreed to sell its Latin American operations to Alicorp, a major player in food and beverages across South America.

The proposed transaction is expected to close later in 2026, subject to regulatory approvals. It includes Flora’s brand portfolio and commercial operations across seven Latin American markets, excluding Mexico and Brazil. It also includes Flora’s manufacturing facility located in Cali, Colombia.

The deal will see Flora Food Group – headquartered in the Netherlands, and a major player in plant-based spreads, alongside other food and nutrition products – sell 100% of its shares of its businesses in Guatemala, Panama, the Dominican Republic, Colombia, Ecuador, Peru and Chile to Alicorp.

Flora’s Latin America portfolio includes margarine brands such as La Danesa, a renowned brand in several regional markets, as well as Dorina and Bonella, which are well-known in the Ecuadorian market.

Alicorp, headquartered in Peru and part of Grupo Romero, has an established presence in Latin America, offering a range of brands across food and other categories. Its portfolio includes major brands such as AlaCena, Don Vittorio and Nicolini.

The financial terms of the transaction were not disclosed.