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Louis Dreyfus Company (LDC) and Companhia Cacique de Café Solúvel (Cacique) have signed a binding agreement for the acquisition of 100 per cent of Cacique shares by LDC.
“This development is aligned with LDC’s strategy to diversify revenue streams through value-added product lines – in this case, by accelerating the scale-up of LDC’s soluble coffee business, recently initiated in Vietnam with its iLD Coffee Vietnam joint venture freeze-dried soluble coffee operation, to position LDC among the world’s largest soluble coffee producers,” says Michael Gelchie, LDC’s Chief Executive Officer.
Cacique is one of the largest global independent producers, processors, and exporters of soluble coffee in terms of volume, with activities in more than 70 countries, best-in-class industrial know-how, two processing assets in Brazil and a strong team of about 1000 employees.
“This acquisition will further expand LDC’s business in Brazil, where the group has been active for over 80 years, complementing our existing green coffee merchandising operations in the country,” says Ben Clarkson, LDC’s Global Head of Coffee.
“With its in-depth market knowledge and recognised brand in the industry, Cacique’s highly complementary profile will strengthen and consolidate LDC’s soluble coffee activities.”
The agreement is subject to regulatory approvals and customary closing conditions.
For more information, visit www.ldc.com
The post Louis Dreyfus Company acquires Cacique appeared first on Global Coffee Report.
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