The Marex Group PLC (NASDAQ: MRX) platform has announced today that it has agreed to acquire Agrinvest’s commercial products, a Brazilian agricultural products.
This acquisition will expand Marex businesses to America and add new opportunities and customers to differentiate profits.
Agrinvest acts as an agent connecting buyers and sellers to natural agricultural markets, including corn and soy. It also provides its customers counseling support to understand their compensation options and commercial strategies in the context of these agricultural markets.
The acquisition of Agrinvest gives the capabilities of Marex’s natural products in Brazil, in addition to its existing derivatives. With about 1,300 customers and 100 employees, Agrinvest is increasing Marex’s current Brazilian business.
Ian Lowitt, Managing Director of Marex, commented:
“Brazil is a worldwide important producer of goods and it is a country where we are trying to expand.
Ram Vittal, Managing Director of America, Marex, commented:
“We are excited to expand our presence in America with the acquisition of Agrinvest in Brazil, reinforcing our commitment to growth throughout the region.
Benedito Joao Gai Neto, Managing Director of Agrinvest, remembered:
“We are excited to be involved in the Marex platform, with the world range, the growing customer base and the range of capabilities. As part of Marex, we will have the support that we need to expand our activities and services we can offer our customers in this fascinating area.”