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Sucro Limited ( (TSE:SUGR) ) just unveiled an announcement.
Sucro Limited announced an agreement to consolidate full ownership of its subsidiary, Sweet Life Services, by acquiring the remaining 49% stake from Amerikoa Holdings and MB Central-Bond LLC. This transaction involves transferring a 19% interest in Amerikoa Ingredients and issuing Sucro shares, subject to regulatory approvals. Sweet Life, a key distributor for Sucro in the U.S., will now be fully integrated, potentially enhancing Sucro’s market presence and operational efficiency in the North American sugar industry.
More about Sucro Limited
Sucro Limited is a growth-oriented sugar company operating throughout the Americas, with a primary focus on the North American sugar market. The company operates a highly integrated sugar supply business, sourcing raw and refined sugar from Latin America and its own refineries, and delivering to customers in North America and the Caribbean. Established in 2014, Sucro has expanded its network with two cane sugar refineries and a value-added processing facility, alongside two refineries under development in Hamilton, Ontario, and University Park, Illinois.
Average Trading Volume: 1,127
Technical Sentiment Signal: Buy
For an in-depth examination of SUGR stock, go to TipRanks’ Overview page.