Mitsui and Mitsui Sugar jointly acquire Singapore's leading sugar company, SIS

Sep. 21, 2018

On September 21, 2018, Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) together with Mitsui Sugar Co., Ltd. ("Mitsui Sugar", Head Office: Tokyo, President and CEO: Daisuke Saiga) signed an agreement to acquire all shares of SIS'88 PTE LTD ("SIS"), a company which engages in the processing and marketing of refined sugar in Singapore and the Middle East, with SIS ultimate parent company, ED&F Man Holdings Limited.. SIS is a leading sugar company in Singapore and possesses a strong brand and an ability to provide high quality services to the retail market. The company is also rated highly in the Middle East and is building a strong customer base in the region.

Mitsui & Co. is paying close attention to growth in the Asian market, which accounts for about 40% of sugar consumption worldwide, and aims to capitalize upon this market growth by providing high quality sugar through utilization of its own network and the expertise of Mitsui Sugar in technology and production quality control. This is a highly complementary transaction that will allow Mitsui to expand its refined sugar businesses in Asia, including in Japan, by work with Mitsui Sugar.

SIS productsSIS products