August 11, 2011
Sodrugestvo buys Lider Armazens Gerais
Sodrugestvo Group has acquired Lider Armazens Gerais S.A., the largest Brazilian private company engaged in the storage and transhipment of grains, the company announced on August 9.
Lider, 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 S.A., a Brazilian diversified mining multinational corporation and one of the largest logistics operators in Brazil.
"The acquisition of Lider allows us to increase our static storage capacity from the existing 600,000 tonnes to almost 900,000 tonnes in the states of Sao Paulo, Minas Gerais and Goias," Sodrugestvo said. This capacity increase will allow us to provide an even better service to Brazilian agricultural operators in these key regions. 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 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 S.A., the joint-venture between Sodrugestvo and CAROL, which already operates 14 silos in the states of Sao Paulo, Goias and Minas Gerais.