Tuesday , October 4 2022

Chilena Lipigas acquires 51% of Plater to expand its business to the Dominican Republic and Haiti AmericaEconomy


Santiago, Empresas Lipigas announced its arrival in the Caribbean after signing a contract with the Plater Investment Company of the Dominican Republic to acquire 51% of its assets for almost $ 3.1 million.

This operation is subject to the approval of Central American control agencies and it is estimated that all relevant requirements will be completed over the next few months.

"This acquisition is the result of our expanding geographic and product diversification strategy for Empresas Lipigas with a growing presence in Latin America. We see the opportunity to add new businesses together with local strategic partners in attractive markets due to their high growth potential for LNG consumption, "We add that natural gas comes from the United States to this region at a very competitive price," explains Ángel Mafucci, CEO of Lipigas.

Plater distributes 27 million cubic meters to customers in the Dominican Republic and other countries where it has 7 industrial satellite and 5 CNG compressed air stations. According to Diario Financiero, this service also arrives in Haiti.

"We are entering Central America with a proven model in Chile, where we have continuously increased LNG sales to the high-consumption industries we supply with trucks. We have dozens of years of experience in logistics and distribution that has enabled us to deliver continuous deliveries in large geographic areas It's one of our comparative advantages, "added Mafucci.

Empresas Lipigas is a Chilean company with more than 60 years of experience in gas sales and distribution operations in Colombia since 2010 and in Peru since 2013. In October 2018, it has completed the purchase of 51.07% Surcolombiana de Gas or SurGas for $ 3 million.

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