International Sugar Journal

Brazil – Recently acquired Usina São Fernando to get an injection of BRL1 billion [Full subscriber]

Millenium Holding Bioenergia recently acquired via auction Usina São Fernando, located in Dourados, state of Mato Grosso do Sul. The company will pay BRL351.6 million (US$67.4 million). The plant, which has been in the process of judicial reorganization and subsequent bankruptcy since 2013, will earn investments of around BRL1 billion (US$191.6 million), in two years, to become a flex unit with the production of sugar and ethanol, both from sugarcane and from corn.

Read more …

DSM acquires Amyris’ flavour and fragrance biobased intermediates business [Full subscriber]

DSM will acquire the flavour and fragrance (F&F) biobased intermediates business of Amyris for US$150 million.

Read more …

USA – Louis Dreyfus sells Imperial Sugar to US Sugar [Full subscriber]

United States Sugar Corp announced on March 24, 2021, that it will purchase the business and assets of its local rival Imperial Sugar from commodities trader Louis Dreyfus Company (LDC), according to a press release.

Read more …

Brazil – Raizen’s acquisition of sugar-ethanol producer Biosev speeds up [Full subscriber]

Raizen, jointly owned by Cosan and Shell, is close to acquiring Biosev, the sugar-ethanol company owned by Louis Dreyfus, according to local press reports.

Read more …

Mexico – Pantaleón acquires El Mante sugar mill  [Full subscriber]

The Guatemalan consortium “Pantaleón” acquired the El Mante sugar mill on 10th June. The factory was previously managed by Azudomi and Servicios Corporativos Azúcar, belonging to Grupo Sáenz, according to local press reports.

Read more …

Brazil – Deere completes the acquisition of Unimil, eyeing growth in cane business [Registered]

Deere & Company has completed the acquisition of the Brazilian company, Unimil, a provider of the aftermarket service parts business for sugarcane harvesters.

Read more …

Philippines – URC purchase of Roxas Holdings Negros approved by the competition commission [Full subscriber]

The Philippine Competition Commission (PCC) approved on 7th September the acquisition by Universal Robina Corporation (URC) of sugar milling and bioethanol distillery plants and its parcels of land of Roxas Holdings, Inc. (RHI) in Negros Island, according to local press reports.

Read more …

Nigeria – Dangote sugar shareholders approve the acquisition of Savannah Sugar [Full subscriber]

The shareholders of Dangote Sugar Refinery Plc (DSR) have endorsed the formal takeover of Savannah Sugar Company Ltd (SSCL), according to local press reports.

Read more …

Mitr Phol acquires the remaining 50% stake in Olam’s sugar interest in Indonesia [Full subscriber]

The agribusiness Olam International has agreed to sell its remaining 50% stake in Indonesian sugar joint-venture Far East Agri to Mitr Phol Sugar Corporation for between US$82.5 million and US$85 million.

Read more …

Australia – Isis Sugar Mill shareholders accept Almoiz offer [Full subscriber]

Isis Central Sugar Mill shareholders voted overwhelmingly to accept a proposal from the Pakistan-based sugar producer Almoiz Group to acquire a majority interest.

Read more …