December 19, 2012
Sao Martinho has agreed to buy a sugar processing mill from fellow Brazilia
Sao Martinho has agreed to buy a sugar processing mill from fellow Brazilian Biosev, Sao Martinho says, for BRL200m ($95m). The deal includes the sale of the Sao Carlos mill, with a 1.85m ton annual crushing capacity, and an adjacent sugar-cane planted area. Also, Sao Martinho will supply 1m tons of sugarcane in the first year of operation. Biosev, a unit of Louis Dreyfuss, has been seeking to focus on operating plants with higher capacity.