NotCo Sells Brazil Operation to Ferrara Three Months After Molinos Deal

Chilean food tech company NotCo has sold its Brazilian business to Ferrara, a Brazilian investment group. This move comes three months after a similar agreement was reached with Molinos Río de la Plata for operations in Argentina and Uruguay, reducing the number of markets where NotCo runs its branded food business directly. The sale aims to accelerate the expansion and scale of NotCo's brand in Brazil.

Despite closing its Mexican operation due to poor results, NotCo's B2B arm continues to thrive by licensing its Giuseppe AI platform to food and beverage manufacturers for product development. This AI division focuses on predicting how ingredient changes affect taste, texture, and price. With the sale of its Brazilian operations, NotCo looks forward to enhancing distribution, local market knowledge, and synergies with Ferrara for future growth and innovation.