Amaggi to expand capacity by 34% with acquisition

Amaggi, one of the largest grain and fiber producers in the country with revenues of nearly $5 billion in 2019, has agreed to buy the operations of Argentina’s El Tejar in Brazil. As a result, the agriculture giant will take over 62,000 hectares and increase production capacity by 34%. With the deal, Amaggi will seek to expand its share in the global certified soybean market, focusing on the sustainability of its crops.

Source: Valor International