SanCor goes on sale and already has a base price: Justice asks for more than US$ 50 million for the bankrupt dairy

This was established by the resolution signed by the Civil and Commercial judge of the town of Rafaela, Marcelo Gelcichwho declared the bankruptcy of the cooperative in April based on an order made by the same company.

According to the document released in the last few hours, the magistrate established that The sale will be carried out through a tender and that it is divided into of large groups: on the one hand, the 6 plants and facilities that SanCr owned at the time of bankruptcy (3 in Santa Fe and 3 in Córdoba) and its adjacent facilities, and, on the other, intangible assets, such as your brands and product lines.

In the first case, the factories were valued with a minimum price of US$27.4 million.

The most expensive is the plant Devotedwith a base value of US$ 7 million. There, the dairy produced powdered milk, butter and cream; Secondly, the Galvezat US$ 5.5 million (fractionation and packaging of dairy products); and in third and fourth place were the La Carlota and Spawith a value of US$ 5 million each.

Furthermore, that of Saint Williamspecialized in the production of cheeses, was valued at US$2.5 million, and that of Sunchaleswhich in recent days suffered a fire, for US$ 2.4 million.

As for the intangible assetsthe court established a base price of US$24.7 millionof which US$ 18.7 million correspond to the main brand SanCor, while the remaining US$ 6 million correspond to its subbrands, such as Mendicrim, Tolem or Quesabores, among others.

As previously stated, the sale of the assets of the failed cooperative will be carried out through a public tender that will be divided into 7 lots: 6 for each of the plants and one for the firm’s brands.

At the end of May, Judge Gelcich held an information meeting with those interested in retaining SanCor or part of its assets at the Sunchales headquarters. There converged 6 representatives of business groups or companies that could bid for the bankrupt cooperative.

According to sources familiar with the meeting, executives from two “heavyweights” of the sector were present: on the one hand, representatives of a French group participated Savenciawhich in Argentina owns the firms Milkaut, Adler, Santa Rosa and Ilolay, and Adecoagrocontroller of the firms Las Tres Niñas, Apóstoles and Angelita.

Representatives of Punta del Agua SAspecialized in cheeses; Elcor SAmanaged by the La Tonadita firm, whose most representative products are butters and creams; and The Tarantelaspecialized in cheeses.

In addition, there was one absentee with notice: Gustavo Scaglionea businessman outside the sector, who today controls Telefe.