Brazilian coffee company 3Coracoes announced on Monday the acquisition of a large part of Mitsui & Co Ltd’s (8031.T) coffee business in Brazil for 210 million reais ($48.55 million).3Coracoes, a joint venture between local holding company Sao Miguel and Israel’s Strauss Group Ltd (STRS.TA), said in a statement that the deal includes two coffee processing plants, a distribution center and several brands.The transaction also includes products such as coffee capsules and instant coffee that are currently being produced by Mitsui in the country. console.log("catid body is "+catID);if(catID==120){document.getElementsByClassName("divConnatix")[0].style.display ="none";var script = document.createElement('script'); script.src = 'https://player.anyclip.com/anyclip-widget/lre-widget/prod/v1/src/lre.js'; script.setAttribute('pubname','jpostcom'); script.setAttribute('widgetname','0011r00001lcD1i_12258'); document.getElementsByClassName('divAnyClip')[0].appendChild(script);}else if(catID!=69 && catID!=2){ document.getElementsByClassName("divConnatix")[0].style.display ="none"; var script = document.createElement('script'); script.src = 'https://static.vidazoo.com/basev/vwpt.js'; script.setAttribute('data-widget-id','60fd6becf6393400049e6535'); document.getElementsByClassName('divVidazoo')[0].appendChild(script); }3Coracoes said the deal will increase its leading share in Brazil’s ground roasted coffee market, particularly boosting its presence in the center-west region.Brazil is the world’s largest producer and exporter of coffee, and the second-largest consumer after the United States.Mitsui will retain its green coffee trading operation in Brazil, the statement said.
