- Business
- Multiexport Foods S.A. engages in the aquaculture and fishing industry, focusing on the cultivation, processing, and distribution of premium salmon and seafood products. The company produces Atlantic salmon, coho salmon, trout, mussels, and value-added items including fresh, frozen, cold-smoked, and hot-smoked fish products; its brands encompass Multi X, Arka, and Latitude 45, with processing facilities in Puerto Montt and Magallanes boasting a capacity of 147 million kilos WFE per year. It operates through subsidiaries such as Salmones Multiexport S.A. (Multi X), Mytilus Multiexport S.A., and Cultivos Acuicolas Internacionales S.A., alongside indirect units like Multiexport Foods USA Inc.; founded in 1983 and headquartered in Puerto Montt, Chile, Multiexport Foods serves markets in the United States, Brazil, Japan, China, Korea, Southeast Asia, Russia, Central Europe, and Latin America, with a workforce exceeding 2,300 employees.
In recent developments, Cargill acquired a 24.5% stake in subsidiary Salmones Multiexport S.A. (Multi X) in 2022, complemented by Mitsui increasing its holding to 24.5% while Multiexport Foods retains 51% control, bolstering capabilities in fish nutrition, processing, and global market expansion. The company rebranded its salmon operations to Multi X in 2021, emphasizing innovation, sustainability, and value-added growth, including launches like the Latitude 45 smoked brand and initiatives targeting 115,000-120,000 tons WFE harvest in 2025 amid record average weights and 99% premium sales volume. Multiexport Foods continues to prioritize biological performance, cost efficiencies, and value maximization, evidenced by a 42% year-over-year rise in value-added sales (portions, smoked, and ABF products) through the first nine months of 2025.