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

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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).
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.