DJ Wilmar to Acquire Sugar Firms

Wilmar International will acquire two sugar companies in South East Asia through its two subsidiaries.

Wealth Anchor has entered into an agreement to buy Indonesia’s PT Jawamanis Rafinasi, which has a daily refining capacity of 1,000t and is licensed for a throughput of up to 1,600t a day.

In addition, Wilmar Trading will buy Singapore-based sugar trading company Windsor & Brook Trading.

The company expects the acquisitions to be completed in Q4 this year.

Financial details of the acquisitions have not been disclosed.

In July Wilmar acquired Sucrogen from Australian conglomerate CSR for $1.5bn.