SANTIAGO, Sept 29 Chile-based salmon producer
Blumar said on Thursday it has agreed a partnership
with peer Productos del Mar Ventisqueros to work together to
sell to "large retail and food service" chains in the United
States and Canada.
"This strategic alliance to sell Chilean salmon in the
United States and Canada, seeks to achieve sales volumes big
enough to supply salmon to the big retail and food service
chains, which you can only sell to with significant salmon
volume levels," said Blumar in a statement.
Under the agreement, Ventisqueros will take a 50 percent
stake in Blumar's U.S.-based merchandising unit. The transaction
is expected to be completed in October.
The terms of the agreement were not disclosed.
Chile is the world's second-largest salmon producer.
(Reporting by Anthony Esposito; Editing by Alan Crosby)