Inversiones Agricolas y Comerciales S.A. (Chile)

Inversiones Agricolas y Comerciales S.A. engages in the production, distribution, and marketing of food and agricultural products. It operates in two segments, Agricultural and Retail. The Agricultural segment operates fields for the production, distribution, and marketing of agricultural products, cattle, wood, and fruits and vegetables. The Retail segment is involved in processing and fractioning of food products for direct commercialization through retail stores. The company also produces and markets olive oil, fruits, wheat, corn, and coffee. It sells its products in the United States, Europe, China, Argentina, Chile and Uruguay. The company operates 212 coffee shops in Argentina, 17 in Chile, and 10 in Uruguay. It reaches its customers through company-owned or franchised retail stores. Inversiones Agrícolas y Comerciales S.A. was founded in 1926 and is headquartered in San Bernardo, Chile. Inversiones Agrícolas y Comerciales S.A. is a subsidiary of Principado de Asturias S.A. Inversiones Agricolas y Comerciales S.A. is the legal continuator of Industrias Alimenticias Carozzi S.A., and owner of Hacienda Chorombo S.A. and Bonafide S.A.I. y C. Both assets together accounted for approximately 93.93% of IACSA's consolidated sales as of December 31, 2015. Hacienda Chorombo S.A. is dedicated to the production and export of fruits, general crops and olive oil, while Bonafide S.A.I. y C. is a franchise chain operator in Argentina and, to a lesser extent, Chile, Uruguay and Paraguay.