Company's static storage capacity to increase to 900,000 tons
Sodrugestvo Group has acquired 100% of Lider Armazens Gerais S.A., the largest Brazilian private company engaged in the storage and transshipment of grains.
Lider owns 15 warehouses, and owns and operates two transshipment terminals. “The acquisition of Lider allows us to increase our static storage capacity from an existing 600,000 tons to almost 900,000 tons in the States of Sao Paulo, Minas Gerais and Goias,” said Sodrugestvo. “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 transshipment 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.”
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.