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Louis Dreyfus seeks buyers for juice, fertiliser units: sources

Company revamps top management, shifts focus to higher-margin activities

Published Mon, Dec 21, 2015 · 09:50 PM
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LOUIS Dreyfus Commodities is seeking buyers for its orange juice and fertiliser units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to weather weak commodity markets.

The company had been actively marketing the orange juice and fertiliser businesses for some months, having appointed banks to lead the sales processes, sources said. Another source said the trading group was also looking to spin off its metals and dairy businesses.

A company spokeswoman declined to comment. "They are recalibrating their portfolio. . . They are going back to the core and looking at where the margins are," said one s…

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