14 June 2011 20:17 [Source: ICIS news]
SAO PAULO (ICIS)--French trading company Louis Dreyfus Commodities (LDC) acquired Brazil-based fertilizer producer and distributor Macrofertil, the trading company said on Tuesday.
The company did not disclose the value of the deal.
With the purchase, Dreyfus will operate eight fertilizer plants in the region, the company said. The French firm has been commercialising fertilisers in Brazil since 2008.
Macrofertil owns facilities in Parana, Santa Catarina, Sao Paulo, Mato Grosso do Sul, Mato Grosso and Goias. Its total processing capacity is 1.8m tones/year of fertilizers, according to Dreyfus.
Dreyfus said it intends to increase processing capacity to about 2.5m tonnes/year and to capture a 10% share of the Brazilian market.
The company added that it plans to expand operations to other Brazilian states and regions such as Rio Grande do Sul, Minas Gerais, Bahia, Maranhao, Piaui and Tocantins.
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