Adecoagro SAAdecoagro completed the R$705M cash acquisition of the Caarapó Mill, expanding its crushing capacity and Mato Grosso do Sul cluster.
Adecoagro S.A. has completed the acquisition of the Caarapó Mill from Raízen Group, paying R$705 million (approximately US$136 million) in cash at closing. The mill, which crushed 3.5 million tons of sugarcane in the 2025/26 harvest, is now under Adecoagro's ownership and management. The company plans to boost Caarapó's crushing volume to 4.5 million tons in 2027 by redirecting excess cane from its existing operations, and expects the asset's profitability to align with its other Sugar, Ethanol & Energy operations. With this acquisition, Adecoagro's Mato Grosso do Sul Cluster is projected to crush 17 million tons in 2027, making it one of the largest clusters in Brazil. The purchase price implies approximately US$39 per ton of crushing capacity, and Adecoagro sees significant opportunities to improve operational efficiency and reduce costs.
Adecoagro SAAdecoagro completed the R$705M cash acquisition of the Caarapó Mill, expanding its crushing capacity and Mato Grosso do Sul cluster.
Walmart Inc.Adecoagro's acquisition and planned expansion of the Caarapó mill increases sugarcane crushing, implying higher sugar output and supply pressure on Sugar No.11 futures.
Raízen Group completed the sale of the Caarapó Mill to Adecoagro for R$705 million in cash.