Sugarcane farm aggregator Australian Cane Farms (ACF) is poised to become one of the country’s biggest independent cane growers after it raised AU$55 million (US$39 million) to buy a 2100-hectare portfolio of farms in Queensland’s fertile Burdekin region.
USA – US Sugar’s proposed acquisition of Imperial Sugar blocked by Justice Department [Full subscriber]
The Department of Justice filed a civil antitrust lawsuit on 23rd November to stop United States Sugar Corporation (U.S. Sugar) from acquiring its rival, Imperial Sugar Company (Imperial Sugar).
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.
DSM will acquire the flavour and fragrance (F&F) biobased intermediates business of Amyris for US$150 million.
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.
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.
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.
Deere & Company has completed the acquisition of the Brazilian company, Unimil, a provider of the aftermarket service parts business for sugarcane harvesters.
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.
The shareholders of Dangote Sugar Refinery Plc (DSR) have endorsed the formal takeover of Savannah Sugar Company Ltd (SSCL), according to local press reports.