Thursday, 24 August 2023 11:10 AM
Mergers and Acquisitions
LIMA, PERU / ACCESSWIRE / August 24, 2023 / In a move that promises to reshape the vegan landscape in South America, BLUEGRACE ENERGY BOLIVIA and Lima-based FRIGORIFICOS KOBEFOODS (FKF) have entered into a landmark investment partnership. This significant collaboration, marked by the signing of a legally binding Investment Letter of Intent, paves the way for a detailed future agreement.
Guided by its CEO and Founder, Mr. Julio José Montenegro, BLUEGRACE ENERGY BOLIVIA is set to acquire a 50% stake in FRIGORIFICOS KOBEFOODS. This strategic alliance is further bolstered by a convertible bond from BLUEGRACE ENERGY BOLIVIA and is aimed at augmenting FKF's operational prowess. The convertible bond repayment will be structured using the investment returns.
The principles detailed in the Investment Letter of Intent will form the basis for the upcoming comprehensive agreement. Beyond mere financial considerations, this union underscores the mutual commitment of both entities to growth, transparency, mutual success, and the values enshrined in the Sustainable Development Goals (SDG).
The SDGs, crafted by the United Nations, envision a better, sustainable future for all. Comprising 17 interlinked goals targeted for completion by 2030, the aim is to ensure no one is left behind. Our dedication to natural forest capital meshes seamlessly with the SDGs through the Sustainable Development Mechanism (SDM) projects, aligning with the 17 Sustainable Development Goals (SDGs) and adhering to the IFC Methodology, as managed by FICO Bank in Brazil.
Key SDGs include [SDG 2] Zero Hunger, [SDG 3] Health and Well-being, [SDG 9] Industry, Innovation and Infrastructure, [SDG 11] Sustainable Cities and Communities, [SDG 12] Responsible Consumption and Production, [SDG 13] Climate Action, [SDG 14] Life Underwater, and [SDG 15] Life on Land Ecosystems. Each goal has tailored targets and metrics to monitor progress and ensure a rounded approach to sustainable evolution.
The vegan food sector has witnessed exponential growth recently, spurred by increased awareness of the livestock industry's environmental and ethical repercussions.
Key concerns are:
- Environmental Impact: Meat and dairy are notable contributors to greenhouse gas emissions. Additionally, meat production demands more resources, which leads to deforestation and biodiversity loss.
- Health Benefits: Veganism offers numerous health advantages like reduced cardiovascular disease risk, weight management, and a lower risk of certain cancers.
FRIGORIFICOS KOBEFOODS, established in September 2020, is a pioneering Peruvian entity championing the vegan wave in South America. With its prime focus on animal rights, environmental conservation, and fostering a healthy lifestyle, FKF has quickly risen as a leading vegan manufacturer in the region.
In its cutting-edge 5,000-square-meter facility in Tacna, FKF Vegan Products sets the standard for 100% vegan products in South America. Holding certifications like PGH, HACCP, KOSHER, and FDA, the facility produces up to 12,000 hamburgers per hour with advanced freezing and packaging techniques, without using GMOs. Their diverse offerings, soon to include salami, sausages, and cheese alternatives, reflect FKF's innovative spirit. Rooted in community engagement and sustainability, FKF collaborates widely in the vegan sector, promoting responsible choices. Customers praise their sustainable range, aiding easy transitions to veganism. Guided by visionary leadership, FKF is primed for growth, eyeing product diversification and new markets. As a leader in the vegan movement, FKF invites all to co-create a brighter, sustainable future.
About Bluegrace Energy Bolivia
Bluegrace Energy is an association of experts and professionals from around the world with years of experience in the energy sector, with the common goal of making a valuable contribution to the global energy transition towards a net zero future. Witnessing the alarming effects of climate change and the challenges facing societies on their path toward sustainability, we conceived Bluegrace Energy Bolivia SRL as a platform from which we could coordinate our efforts in our mission. Our experts stand out in both clean and renewable energy and have decades of experience leading innovative projects in the field of energy transition towards a model "fit for the challenges of the 21st century". At Bluegrace, we adhere to the common principles of professional expertise, the highest integrity, and creating real value in both business and society. Visit https://bluegracebolivia.com for more information.
About Frigorificos Kobefoods
A trailblazing Peruvian enterprise propelling the vibrant vegan revolution across South America. Established in September 2020, the company's seasoned experts are committed to igniting positive change through innovative, premium vegan offerings. Anchored in principles of animal welfare, environmental sustainability, and healthier living, KFK has swiftly ascended to prominence in the regional vegan landscape. With a cutting-edge facility spanning 5,000 square meters, and equipped with advanced technology, we ensure the utmost purity and quality in every product. As trailblazers of the vegan movement, we're reshaping industry norms in South America. Its dedication to excellence is validated by certifications including PGH and HACCP, underscoring the exceptional taste, safety, and quality of the vegan products being offered. Visit https://fkf.pe/ for more information.
For further information, please contact:
JULIO JOSE MONTENEGRO
[email protected]
+1 (305) 9728173 (Miami - EE.UU.)
NELSON PINEDA MARTINEZ
[email protected]
+591 714-72257 (Bolivia)
For media inquiries, please contact:
Ivan Linde
[email protected]
+1 (786) 273-7068
Disclaimer
This announcement is solely for informational use and should not be viewed as financial, legal, or investment guidance. It includes projections and statements that aren't based on past events. Any statement in this release that isn't a historical fact is a projection. Readers should be aware that the basis for these projections might be incorrect and are advised not to rely solely on them. Any projections in this announcement come with a warning. They are current as of the release date, and the Company has no plans to update them, except as mandated by Canadian securities regulations.
SOURCE: BLUEGRACE ENERGY BOLIVIA