Brazil: Louis Dreyfus Company to acquire Cacique

Netherlands-based commodities firm Louis Dreyfus Company (LDC) has announced it has entered into an agreement to acquire Cacique, a major Brazilian maker of soluble coffee, for an undisclosed sum.

Cacique is described as a leading independent global producer, processor, and exporter of soluble coffee, with two manufacturing sites in Brazil. It has a portfolio of 65 instant coffee products that is exported to more than 70 countries, along with a workforce of 1,000.

Commenting on the deal, LDC global head of coffee Ben Clarkson said: “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. 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”.

Cacique directors Horacio Coimbra, Joao Paulo Coimbra and Rodrigo Coimbra added: “We are pleased to announce this agreement with LDC, whose global reach and extensive expertise in coffee merchandising will undoubtedly benefit our network of growers and customers, ensuring continued growth in the years ahead”.

The deal is subject to regulatory approvals and customary closing conditions.

Source: Louis Dreyfus Company / Cacique