#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Brazil's 3Coracoes buys Mitsui coffee unit for $48 million

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | February 18, 2020
Brazilian coffee company 3Coracoes announced today the acquisition of a large part of Mitsui coffee business in Brazil for 210 million reais ($48.55 million).
3Coracoes
Acquisition   3Coracoes
3Coracoes, a joint venture between local holding company Sao Miguel and Israel’s Strauss Group, said in a statement that the deal includes two coffee processing plants, a distribution center and several brands.

Topics: Brazil 3Coracoes buy Mitsui coffee

The transaction also includes products such as coffee capsules and instant coffee that are currently being produced by Mitsui in the country.

3Coracoes said the deal will increase its leading share in Brazil’s ground roasted coffee market, particularly boosting its presence in the center west region.


 

MORE INSIDE POST