Louis Dreyfus Co. has agreed to buy Brazil’s biggest exporter of instant coffee, the latest example of commodity traders plowing record profits into production assets.
LDC has signed a binding agreement to buy 100% of the shares of Cia Cacique de Cafe Soluvel or Cacique) it said in a press release on Tuesday.
“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 merchandizing operations in the country,” said Ben Clarkson, LDC’s Global Head of Coffee.
