Colombian group Daabon lands in Brazil with the purchase of Agropalma and enters the palm oil business in Pará
This move expands Daabon's operations in Latin America. Photo: Courtesy - A.P.I.
TL;DR
- Daabon, a Colombian agroindustrial group, has purchased Agropalma's operations in Pará, Brazil.
- The deal involves significant production assets, including a refinery and extraction plants, across approximately 107,000 hectares.
- This acquisition is a strategic expansion for Daabon into the Latin American palm oil market.
- The move aligns with Daabon's long-term vision for Brazil's potential as a major player in the global palm oil trade.
- Daabon plans to enhance collaboration with family farmers and invest in productivity improvements.
- The transaction is part of AlfaPar's plan to divest its assets.