Peru’s Alicorp Expands As Family Owners Tighten Control
Peru's Alicorp keeps buying rivals abroad as Grupo Romero's stake climbs toward 85%, fueling talk of an eventual Lima delisting. The post Peru’s Alicorp Expands As Family Owners Tighten Control appeared first on The Rio Times .
Peru's dominant consumer-goods company, Alicorp, is expanding its international presence as its controlling family, the Romero's, increase their stake. Grupo Romero, which took control of the company in 1971, has been driving a series of acquisitions across Ecuador, Colombia, and Peru since late 2025. The family's grip on Alicorp has grown from 64% in 2023 to around 85% by March 2026, reducing the pool of shares available for outside investors.
In 2025, Alicorp purchased hygiene firms Jabonería Wilson, Disanu, and Sanuss in Ecuador for $125 million. Early in 2026, they acquired Peruvian snack maker Inka Crops for $72 million. In August, Alicorp secured a $158 million deal for Unilever's home-care business in Colombia and later bought margarine brands from Flora Food Group across the region.
In September, the company secured a $480 million loan from global banks to fund its expansion in Colombia, Ecuador, and Spain. Analyst Jorge Luis Ojeda notes that Alicorp is becoming a more significant player in Chile, Colombia, and Ecuador, reducing its reliance on Peru alone. While there is speculation about a potential delisting to cut costs, Alicorp has not announced any plans to leave the exchange.
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