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News 688 views last update:6 Aug 2012

Sodrugestvo acquires Brazilian grain handler

Russian agro-industrial group Sodrugestvo has acquired 100% of Brazilian grain handling company Lider Armazens Gerais.

Lider, the largest Brazilian private company engaged in the storage and transhipment of grains, owns 15 warehouses located in Brazil’s fastest growing agricultural regions.
 
All warehouses are leased to leading agricultural companies, including Sodrugestvo, through exclusive long-term agreements.
 
Lider also owns and operates two transhipment terminals in Minas Gerais and Tocantins for Vale, a Brazilian diversified mining multinational corporation and one of the largest logistics operators in Brazil.
 
50% increased storage
“The acquisition of Lider allows us to increase our static storage capacity from the existing 600,000 tons to almost 900,000 tons in the States of Sao Paulo, Minas Gerais and Goias.
 
We will also continue to invest heavily, in coordination with Vale, to make sure that our new transhipment facilities offer the best possible value to all market participants, while the ever increasing crops create more and more challenges to bring grains to ports,” Sodrugestvo said in a press release.
 
Sodrugestvo was advised by Machado Meyer for the transaction. The acquisition was entirely financed by Sodrugestvo’s own fund, without recourse to debt.
 
The Lider operation will be integrated into Carol-Sodru, the joint-venture between Sodrugestvo and Carol, which already operates 14 silos in the States of Sao Paulo, Goias and Minas Gerais.

Dick Ziggers

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