AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Louis Dreyfus sells US sugar business to focus on global sugar trading business

Mar 26, 2021Mar 26, 2021 Editor

US – Louis Dreyfus Company (LDC) has agreed to sell the business and assets of Imperial Sugar Company to US Sugar for undisclosed sum in order to focus on its global sugar trading business. Imperial Sugar – which primarily sources raw cane sugar from Central and South America, and the Caribbean – was bought by Louis Dreyfus in 2012 for US$78 million. The company operates a refinery at Port Wentworth in Savannah, Georgia, and a sugar transfer and liquefaction facility in Ludlow, Kentucky in addition to its consumer brands which…

Louis Dreyfus breaks 169- year history by selling large stake to Abu Dhabi-based ADQ

Nov 16, 2020Nov 16, 2020 Editor

NETHERLANDS — Louis Dreyfus Company (LDC), one of the world’s largest grain traders and processors of agricultural products has agreed to sell a large stake in the company to Abu Dhabi-based holding company ADQ. According to a statement from LDC, the main Louis Dreyfus Company Holdings BV (LDCH) business will sell a 45% equity stake to ADQ. The sale marks the first time in the private company’s 169-year history that it will operate with ownership outside the family. “The transaction announced today constitutes a milestone in a decade-long strategy envisioned…

Luckin Coffee forms joint venture with Louis Dreyfus tapping into the juice market

Sep 28, 2019Sep 28, 2019 Editor

CHINA – Luckin Coffee, a Chinese chain of coffee shops start-up has signed an agreement with Dutch-headquartered agricultural goods producer and seller Louis Dreyfus Company (LDC) to form a joint venture and develop Luckin Juice business in China. The business will focus on co-branded Not From Concentrate (NFC) orange, lemon and apple juices, for which LDC masters the full value chain from its farms to customers at destination, and plans to build its own bottling plant in the future. It also plans to bottle and brand other fruit and vegetable…

Louis Dreyfus’ report underpins sustainable practices and partner engagement

Jun 18, 2019Jun 18, 2019 Editor

NETHERLANDS – Louis Dreyfus Co. (LDC) has published its 2018 Sustainability report highlighting its commitment to sustainable practices and the depth of partner engagement across its operations. As part of the efforts to set a data-driven benchmark, create a more energy-efficient fleet and optimize vessel operations, LDC has reported the full carbon profile of its freight activities for the first time, aiming to reduce emissions and fuel consumption. Data released by the company showed a 5% year-on-year decrease in overall emissions from its freight activities. Although the company did not…

Louis Dreyfus gets US$750m loan to pursue sustainability ambitions

May 30, 2019May 30, 2019 Editor

NETHERLANDS – Global food processing and agricultural merchant, Louis Dreyfus Company (LDC) has announced the renewal of its US$750 million revolving credit facility (RCF) in North America, linked to the company sustainability efforts. The loan which replaces the previous three-year RCF will include a sustainability-linked pricing mechanism for the first time. The RCF interest rate will, therefore, be linked to performance against LDC’s four key performance indicators, which set reductions in CO2 emissions, electricity consumption, water usage and solid waste sent to landfill. As part of the agreement, there will…

Louis Dreyfus joint venture breaks ground on new aquafeed mill in China

May 23, 2019May 23, 2019 Editor

CHINA – Louis Dreyfus Company B.V., through a joint venture with Guangdong HAID Group has started construction of a new aquafeed mill in Tianjin, China. The new mill will be built and operated by their joint venture, Tianjin Rongchuan Feed Co. Ltd. and will produce high-end aquatic feeds, including prawn feeds, as well as fermented soybean meal. The plant, located on a 53,000-square-meter plot of land is expected to open by mid-2020, with an annual feed production capacity of 300,000 tonnes. “We are very pleased to begin work on LDC’s…

Louis Dreyfus to invest in Malaysian poultry and food firm Leong Hup

Apr 27, 2019Apr 27, 2019 Editor

ASIA – Leading agribusiness merchant, Louis Dreyfus Company (LDC) has announced that it will invest in Malaysian poultry and livestock feed company, Leong Hup International (LHI) ahead of planned initial public offering. LDC said the investment is part of the strategy to diversify and expand overseas and strengthen its position in the feed, food and animal nutrition markets. Established in 1978, LHI is seeking to list all of its shares on Bursa Malaysia with a goal to raise US$291 million in a scaled-down IPO in mid-May, according to Reuters. LHI…

Louis Dreyfus makes senior leadership changes, appoints new Grains head

Apr 10, 2019Apr 10, 2019 Editor

NETHERLANDS – Louis Dreyfus Company has appointed Anthony Tancredi as head of its Grains Platform, effective immediately as it gears up for a new phase of growth. Tancredi succeeds Adrian Isman, joining LDC’s senior leadership team and reporting to Chief Executive Officer, Ian McIntosh. He is a US national, having worked with LDC for thirty years in various key roles over the years, including as CEO of Allenberg Cotton Co. and subsequently Head of LDC’s Cotton Platform. He recently worked as Head of the Sugar Platform at LDC, from 2016.…

Louis Dreyfus to exit dairy business as part of strategic focus

Jan 17, 2019Jan 17, 2019 Editor

NETHERLANDS – The global agri-merchant firm, Louis Dreyfus Company B.V. has announced decision to exit its dairy business by mid-2019 as part of strategy to focus on core business operations. As one of the leaders in the world’s agricultural product trade flows, the company is looking to exit non-core areas and focus on key product lines including investments in origination markets and expansion along the value chain. Its dairy business dates 2009, supplying North America, Europe, Oceania and South America with milk powders, lactose and whey products. The company is…

Louis Dreyfus appoints Kristen Eshak head of Food Innovation and Downstream

Jan 5, 2019Jan 5, 2019 Editor

NETHERLANDS – The global agricultural and food merchant company, Louis Dreyfus has appointed Kristen Eshak Weldon as head of Food Innovation and Downstream strategy, effective January 1, 2019 and reports to Chief Executive Officer, Ian McIntosh. Before her appointment to the executive role, Kristen Eshak had spent 13 years in positions of increasing responsibility at Blackstone. She most recently was as senior managing director (partner) and co-head of the London office for Hedge Fund Solutions. Weldon was head of commodity strategy and was involved in portfolio management as well as…