Chilean agrifood player Iansa sells pet food business
New owners aim to boost production in a market where 75% of households own a pet.
Empresas Iansa, a Chilean producer of food and ingredients, sold its pet food business to sister companies Angostura Foods, Inmobiliaria Angostura and Alimentos Cisternas. The deal was worth $9 million (€7.5M) plus value-added tax (VAT).
According to a document submitted by Iansa to the Chilean Financial Market Commission, there will be an additional payment relating to “stocks of raw materials, finished products and packaging to be paid after the signing of the contract.” The amount is yet to be confirmed.
Angostura will be responsible for managing the business, with support from the pet food manufacturer Cisternas.
Iansa’s portfolio includes the cat brand Felinnes, the dog brand Cannes and the premium dog nutrition brand Biomaster. The operation also involved a production plant and machinery.
Future management
The acquisition was motivated by operational integration. “Cisternas had planned to install a third extrusion line and came across this alternative, which, although more expensive, allowed for immediate production,” Arturo Hanna, Technical Manager at Alimentos Cisternas, tells GlobalPETS.
The company’s pet food offerings include a variety of brands, with economical, premium and age-appropriate options.
The companies want to grow the business’s sales but have not yet planned investments or launches for the newly acquired portfolio.
Second attempt to sell
In 2020, Brazilian Camil Alimentos announced the purchase of Empresas Iansa’s pet food business for R$200 million ($42.9M/€39.8M). At the time, Camil said that Iansa represented the third-largest pet food business in the country.
However, the companies extinguished the contract in 2022. According to some Brazilian media, LDA – Iansas’s subsidiary responsible for the pet food portfolio – lost nearly all of its market share in Chile due to alleged intestinal problems in pets caused by its products.
More pet parents, more spending
Pet ownership in the country has risen from the low recorded in 2024, with 75% of Chileans now reporting having a companion animal, up from 66% the previous year. This marks a return to pre-pandemic levels: in 2019, 73% of Chileans owned a pet.
Spending on pet food is also growing. It is the largest expense for pet owners, averaging CLP37,600 ($42/€36) per month, according to a survey conducted by the Chilean research company Cadem, which interviewed 1,381 adults in August 2025.
According to real estate consultancy Colliers, the number of pet shops in Chile’s capital, Santiago, has more than doubled, rising from 530 in 2020 to 1,159 in 2025.
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