Thursday, August 06, 2020

Group 3corações takes over mitsui alimentos operations

Considered the largest coffee company in Brazil, The 3corações Group obtained the approval of CADE (Administrative Council of Economic Defense) to assume 100% of the shares of the roasted and ground coffee division of Mitsui Alimentos Ltda., in the country.
The acquisition was effected for approximately R$ 216 million and from now on, the group takes over the operation and integrates the business units and brands such as: Café Brasileiro, .br Gold (specialty coffees), 3 Farms, Prêmio, Café Superior and Bandeira, in addition to the line of solubles, chocolate, capsules and drip coffee; two roasted and ground coffee factories - one in Araçariguama (SP) and the other in Cuiabá (MT) -, and a distribution center in Campo Grande (MS).
The green coffee export business has been separated and transferred to MA Coffee Trading (Brazil) Ltda., a wholly owned subsidiary of Mitsui & Co., Ltd. and remains under the umbrella of Mitsui & Co., Ltd.
superVarejo - 03/08/2020 News Item translated automatically
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