The joint venture, in which Copersucar and Cargill will own a 50% stake, will have a global footprint. It will build on the capabilities of both companies with the intent of increasing the efficiency, quality and services in the sugar supply chain, as well as leveraging an in-depth understanding of the worldwide market to the benefit of Cargill’s customers.
“Through the new company, Copersucar reinforces its strategy of achieving a global footprint in the sugar market,” said Luis Roberto Pogetti, chairman of Copersucar. “Copersucar also enhances its unique business model, based on large-scale supply, logistic capacity and the integration of all links of the chain, from the producers to the customers.”
The new company will be an independent joint venture of its two parent companies, Copersucar and Cargill, with a new name to be announced at closing.
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