M&A and Securities Market

Transaction History

With over 60 years of history, Camil is a multinational mong the largest consumer goods companies in the food sector in Brazil and South America, holding leading positions in the categories and countries in which we operate. We have a consistent track record of growing and expanding our market share in the food sector in Brazil and South America, both through organic growth and strategic acquisitions with diversification of our geographic operations and product categories.

Over the past 20 years, we have implemented a successful expansion strategy through strategic acquisitions, both in the domestic and international markets, in order to broaden our portfolio of brands, product categories and geographic areas of operation. In the international market, starting in 2007, we expanded our rice operations to Uruguay, Chile, Peru and Ecuador. In Brazil, we added to our portfolio, in addition to the grain category, the categories of canned fish with the Coqueiro and Pescador brands, sugar with the União brand, as well as other regionally relevant categories, the pasta category with the acquisition of Santa Amália, and the launch of coffee, with the investment in Café Bom Dia and the launch of coffee with the União brand, acquisition of the Mabel brand and licensing of the Toddy brand for cookies. All acquisitions reinforce our entrepreneurial spirit and strategic growth through the sum of synergies with the entry into new countries and categories. Industrial improvement, product blend and our pricing capacity mean that the acquired companies have significant growth in quality and market presence.

The various strategic acquisitions we have made have contributed significantly to the increase in our results, mainly due to our ability to identify, acquire and successfully integrate new structures and operations into our business model, quickly and without compromising the quality and competitiveness of our other brands and products. Our integration process has allowed us to achieve increased operational efficiency in the acquired companies, by taking advantage of synergies, rationalizing costs and expenses and achieving economies of scale as more brands, products, distribution centers and plants were included in our business model. We believe that our extensive and proven experience acquired in these processes gives us a unique position not only to correctly identify potential acquisitions but, more importantly, to quickly integrate them into our business model, providing gains in scale and efficiency. In addition to reducing risk and increasing structural and cost synergy, the diversity of businesses allows for greater expertise in different distribution and supply models and greater strength in trade marketing through cross-selling initiatives.

Recent Transactions – M&A

Camil announces Acquisition of Mabel and Licensing of the Toddy brand for Cookies – September 2022
On August 24, 2022, Camil announced yet another acquisition in line with its inorganic growth strategy – this time with the acquisition of Mabel and licensing of the Toddy brand for Cookies. Mabel is one of the most traditional and renowned cookie trademarks in Brazil, leader in sales of ring cookies in the country and 2nd top of mind trademark in cash & carry. The Toddy trademark is the 2nd in cookie sales in Brazil, with trademark memory above 98% for the consumer. In addition to the main trademarks, the acquisition also comprises a portfolio of trademarks designed to meet the price demands of different consumer niches (Doce Vida, Mirabel, Elbi’s and Pavesino).
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Camil acquires Silcom S.A in Uruguay – December 2021
As part of our expansion strategy in Latin America and entry into new categories, we announced another important acquisition in 2021, the purchase of the company Silcom S.A. through the subsidiary SAMAN, in Montevideo, Uruguay. Silcom is a food company with leading brands in dried fruits, vegetables, seeds, sauces and oils, focused on the growing consumer demand for healthy meals. This operation is yet another complement to Camil’s business in the country, increasing its current coverage and allowing growth in the current categories. In addition, it will position the Company as one of the main providers of healthy products, one of the fastest growing markets today.
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Camil announces Strategic Investment in the Coffee category: Café Bom Dia and Agro Coffee – December 2021
On December 15th, Camil announced one more of its strategic investments with the acquisition of the share capital of Café Bom Dia and Agro Coffee. Café Bom Dia has been operating in the coffee segment since 1895 and currently owns the Bom Dia and Sul de Minas brands. The asset has an industrial plant in Varginha (MG), which will be used to operationalize the Company’s activities in the coffee category with its other brands, União and Seleto, in addition to the aforementioned Café Bom Dia brands. Agro Coffee is a company that trades, imports and exports coffee. Camil has a consistent history of growth and market share expansion through strategic investments. This latest investment is an important step towards the diversification of the Company’s operations in Brazil, meeting the Company’s strategic objectives of acquiring brands and assets in the food sector in Latin America.
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Acquisition of SELETO trademarks by Camil Alimentos – September 2021
On September 13, Camil announced to the market its entry into the coffee category with the purchase of the Seleto brand. The operation is in line with the Company’s strategy of category diversification and strengthens its consistent history of growth and expansion of market share through acquisitions of brands and assets in the consumer sector in South America.
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Acquisition on Santa Amália and Entry into Pasta Category in Brazil – August 2021
We announced the acquisition of Santa Amália Pastifícios, a major in Camil Alimentos’ strategy for diversification, entry into new categories and the Company’s geographic expansion in Brazil. Santa Amália is one of the most traditional and renowned pasta brands in Brazil, has a Market share leadership in the state of Minas Gerais in Brazil, with prominent brands in the pasta category and a complete portfolio of premium and valued priced brands in the category. In addition to entering the country’s pasta category, the acquisition of Santa Amália reinforces Camil’s entrepreneurial spirit, offers through geographic complementarity and leadership in the region, a scenario of great national growth potential for the Company’s grain categories. Ranking fourth in sales and invoicing in the country among the industries in the segment, Santa Amália Pastifícios reached R$ 476mn in net revenue and a volumes of approximately 105k ton in 2020, as result of production and distribution operations in more than 12,000 points of sale of its products. The Companies continue to operate independently until the transaction is completed.
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Acquisition in Ecuador of Rice Assets of Dajahu Agroindustrias S.A. and of Transportes Ronaljavhu S.A. – July 2021
We announced the acquisition in Ecuador of Rice Assets of Dajahu Agroindustrias S.A. and of Transportes Ronaljavhu S.A., another important step in growth for Camil Alimentos. The assets operate in Ecuador with a portfolio of relevant and well-known brands in the market, assuming a leadership position in the rice segment, with a significant market share and high growth potential. The acquisition is in line with our strategic expansion objectives for the Company, and mainly, its entry into new geographies. The assets’ annual results of US$52mn and EBITDA ofUS$4.1mn, with an approximated volume of 120k ton in 2020, the result of high-performance industrial processes and the relevance of rice in the Ecuadorian market, considered as the most consumed food in the country. The Companies continue to operate independently until the transaction is completed.
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Acquisition of Empresas Iansa´s Pet Food Business Unit in Chile – February 2020
We announced the acquisition of Empresas Iansa´s Pet Food Business Unit in Chile, another important growth step for Camil Alimentos. This acquisition is part of our strategy to consolidate the markets in which we operate and reinforce our entrepreneurial spirit. LDA, one of the leading companies in pet food products in Chile, is here to strengthen and diversify our international portfolio, launching a second category in this business segment. Annual revenues reach approximately $160 million, from the sales of dry and wet feed for dogs and cats and snacks. The Companies continue to operate independently until the transaction is completed.
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Conclusion of Warburg Picus´ shares Buyback Program – November 2019
We concluded in November 2019 the Company´s third share Buyback Program, with the acquisition in three operations which totaled approximately 30.6 million shares held by Warburg Pincus, at R$6.25, reinforcing our strategy of generating value to our shareholders. Additionally, the totality of acquired shares of it´s own emission held in treasury were canceled, resulting in total capital stock of 370 million shares.
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SLC Alimentos Acquisition – December 2018
It´s full of pride that we announce the acqusition of SLC Alimentos, another important growth step for Camil Alimentos. This acquisition is part of our consolidation strategy in the Markets in which we operate and reinforces our entrepreneurial spirit. SLC Alimentos, one of the largest grain Company´s in Brasil, arrives to add to our portfolio and strengthen it, allowing further competitivity and more access to our brands all over Brazil. Top of mind in Rio Grande do Sul under Namorado brand, the Company is present in the rice, beans and lentils segments with Net Revenues of R$ 512 million (2017) and is valued at R$ 308 million. Together, we can continue our dream of feeding brazilian families and nourishing relations that bring more taste to daily life.
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Sale of Corporate Interest in Argentinian Subsidiary La Loma – August 2018
On August 2018, we announced the sale of the totality of the corporate interest held by the Company in the Argentinian subsidiary called La Loma for the total amount of US$5.5 million.
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Recent Transactions – Securities Market

Share Buyback Programs

8th Share Buyback and Cancellation of Treasury Shares- January 2023
In January 2024, the Company’s 8th Share Buyback Program was completed. The program concluded the buyback of up to 8,997,900 common shares and was fully complied with at an average acquisition cost of R$7.67 per share. Aiming at cancellation purposes, fulfillment of grants made under the stock option plan, retention in treasury or disposal, in order to maximize capital allocation and generation of value for shareholders.
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7th Share Buyback and Cancellation of Treasury Shares- March 2022
In December 2022, the Company’s 7th Share Buyback Program was completed. The program concluded the buyback of up to 10,000,000 common shares and was fully complied with at an average acquisition cost of R$9.80 per share. Aimed at cancellation purposes, fulfillment of grants made under the stock option plan, retention in treasury or disposal, in order to maximize capital allocation and generation of value for shareholders.
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6th Share Buyback – November 2021
In February 2022, the Company’s 6th Share Buyback Program was completed. The program concluded the buyback of up to 2,000,000 common shares and was fully completed at an average acquisition cost of R$9.46 per share. Aiming to comply with the grants already made within the scope of the Company’s share purchase option plan.
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5th Share Buyback – March 2021
In November 2021, the Company’s 5th Share Buyback Program was completed. The program provided for the repurchase of up to 4,000,000 common shares and was fully implemented at an average acquisition cost of R$9.83 per share. Aiming to comply with the grants already made within the scope of the Company’s share purchase option plan.
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4th Share Buyback – March 2021
On March 9, 2021, the Company’s 4th share buyback program was concluded. The program provided for the repurchase of up to 4,000,000 common shares and was fully paid at an average acquisition cost of R $ 11.89 per share, totaling 3,986,500 common shares at the end of the treasury program (1.08% of the share capital of the Company).
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3rd Share Buyback – November 2019
In November 2019 the conclusion of the Company´s 3rd Share Buyback Program took place. The operation was made in three steps with the total of 30,665,030 shares held by the shareholder WP XII E Fundo de Investimento em Participações Multiestratégia (Warburg Pincus´ Investment Fund), for the unitary price of R$6.25 per share. After this operation, Warburg Pincus held less than 5% of the Company´s shares. Additionally, Camil informs that the totality of acquired shares of it´s own emission held in treasury were canceled, resulting in total capital stock of 370,000,000 shares.
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2nd Share Buyback – August 2019
On August 8th, 2019 the company´s 2nd Share Buyback Program was concluded. The program proposed the buyback of up to 3,565,275 ordinary shares and was completely fulfilled at an average acquisition cost of R$7.02 per share. At end of the program, the treasury counted with 9,386,846 ordinary shares (2.29% of the company´s Capital Stock).
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1st Share Buyback – December 2017
The Board of Directors approved the Company’s share buyback program to repurchase up to 5.8 million shares with the objective to minimize the dilution from the Stock Options Plan.
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Debt Issuances
The Company has used in Brazil Agribusiness Receivables Certificate Issuance (CRA), since the beginning of its efforts in managing indebtedness in 2016, as a tool for issuing debt emissions with costs close to 100% of the DI rate, which would enable the substitution of more expensive debt and the elongation of the amortization profile.The Company has used in Brazil Agribusiness Receivables Certificate Issuance (CRA), since the beginning of its efforts in managing indebtedness in 2016, as a tool for issuing debt emissions with costs close to 100% of the DI rate, which would enable the substitution of more expensive debt and the elongation of the amortization profile.

14th Debentures Issuance – June 2024
We concluded the 14th issuance of simple, non-convertible, unsecured debentures, in 3 series, for public distribution with restricted efforts, by the Company, in the amount of R$650 million. The Debentures of series 1 will be entitled to interest corresponding to 104% of the accumulated variation of the DI rates per year, maturing in June 2029. Series 2 will be entitled to interest corresponding to 100% of the accumulated variation of the NTN-B rates per year +, at most, a surcharge of 0.50% per year, maturing in June 2031, and series 3 will be entitled to interest corresponding to 100% of the accumulated variation of the NTN-B rates per year +, at most, a surcharge of 0.60% per year, maturing in June 2034.