Nestlé SA to acquire majority of South-American Terrafertil

The company was founded in 2005 in Ecuador by five entrepreneurs and is managed by three founding brothers, David, Raul and Daniel Bermeo. It quickly expanded its presence in Mexico, Colombia, Peru, Chile, and the United Kingdom. In 2017, it entered the United States with the purchase of Essential Living Foods®. Terrafertil has received international recognition for its positive social impact through its work with hundreds of small farmers. It employs 400 people and has four fac­tories in Ecuador, Mexico, Colombia and Chile. The transaction includes all of Terrafertil’s operations and assets in the seven countries where it operates.