Isla del Rey, S.A.

Isla del Rey, “King’s Island”, a leader in the Chilean fishing industry, is located in one of the most picturesque areas of the South Pacific Coast. Given the extraordinary geographic conditions, Isla del Rey began its operations in 1988 by establishing its headquarters, main processing plant and port facilities in the town of Niebla, in the province of Valdivia. The company has grown steadily and formed strategic alliances to vertically integrate its operations from sea extraction to market distribution. In the year 2000, the company entered into a partnership with Bakkavör Group, a major player in the European market food industry, and acquired a majority shareholding in Pesquera Bulnes and Pesquera Polar. Furthermore, in year 2003, Fram Foods hf signed an agreement with Bakkavör Group hf on the sale of its operations in different countries, holding to which Isla del Rey belongs to. Today, Isla del Rey has processing facilities in Niebla and Puerto Montt, and opened in August 2003 a new plant in the city of Porvenir which is nowadays fully operational. The company has increased its extraction capacity in order to fully utilize its processing facilities. Isla del Rey employs over 200 people - highly skilled managers, technicians and administrative personnel carry out the company’s daily operations. This vertical integration allows Isla del Rey to maximize its cost-efficient function and thus maintain a competitive edge in the international markets. Isla del Rey delivers to its clients one of the widest varieties of seafood products from the South Pacific Coast.