News International Sugar Journal

Brazil – Tonon Bioenergia to buy Paraiso Bioenergia [Registered]

The Brazil-based sugar and ethanol producer Tonon Bioenergia SA has agreed to buy Paraiso Bioenergia SA, reported Bloomberg. Tonon will pay for the acquisition mostly with existing shares. In a statement posted on the company’s website, no disclosure was made as to how much the company will pay for the purchase.. The Pinheiros family, owner of Paraiso, will take a 7% stake in Tonon, according to the statement. The acquisition will expand Tonton’s sugarcane crushing capacity to about 8.2 million tonnes, from 5.7 million tonnes now, Tonon said. Paraiso owns two mills and produces farnesene, a renewable hydrocarbon fuel, from…

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