Overview
- Ingenios de Tucumán S.A., controlled by Blaquier, completed the purchase on December 30, taking over administration of the Concepción plant without land or the Marapa mill.
- The transaction was reported at around US$100 million.
- The company says there are no societary, operational or financial ties to Ledesma or Desdelsur, and Blaquier left Ledesma’s board before closing to avoid conflicts of interest.
- Former Ledesma sugar and alcohol executive Martín Franzini was appointed general manager and will relocate to Tucumán to run the operation.
- Previously owned by the Luque family’s San Salvador group, Concepción is among Argentina’s largest sucroalcohol complexes with roughly 1,000–1,200 employees, and Blaquier outbid suitors including Coca‑Cola Andina.