Grupo Los Grobo

Japan-based Mitsubishi Corporation (MC) has become a partner at Los Grobo Ceagro do Brasil (Ceagro), Grupo Los Grobo’s company in Brazil, with the purpose of expanding Ceagro’s productive and commercial capacity and strengthening its grain originations and trading divisions as well as agricultural inputs and services providing activities in Mercosur.

MC has agreed to acquire 20% of the capital stock of Ceagro, the group’s main business platform in Brazil, whose main shareholders are the Grobocopatel family of Argentina, Paulo Alberto Fachin: a local entrepreneur who founded Ceagro in 1994, and a Brazilian independent asset management firm; Vinci Partners.

MC is a global integrated business enterprise that develops and operates businesses across virtually every industry including agricultural and food business with revenue of USD224.4billion as of Mar 2011. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. MC has its strong grain value chain management which encompasses management of agricultural products procurement, handling and transportation, processing and distribution and retailing of final products in order to meet rising consumer's awareness and needs on food supply and safety.

The partnership with MC will help Grupo Los Grobo to increase its market share in the growing commercial flow of grain between South America and Asia, introducing new destinations and strengthening the ones in which it already operates. Moreover, it will allow possibilities to invest and capture different business opportunities in Mercosur.

Grupo Los Grobo expects that as from this partnership through Ceagro, Grupo Los Grobo’s productive and commercial capacity will expand, consolidating its position as one of the leading agribusiness companies in Latin America.