1952 / 2015
63 YEARS OF COMMODITIES EXPERTISE
Sucres & Denrées was founded by Maurice Varsano in 1952.
The group, headquartered in Paris, remains private and is presently led by Maurice's son, Serge Varsano.
A market leader in the global business of sugar, Sucres & Denrées is active in sugar sourcing, logistics, risk management, merchandising, trading, processing and distribution. The group originates and ships annually more than 8M Mts of sugar (bulk/bagged/container) while also distributing over 1M Mts sugar in domestic markets. Logistical and industrial processing activities have been developed in Russia, Brazil, Mexico, India, Europe, USA and several African and Latin American destinations.
Through the years, the Group has expanded its scope of activities beyond sugar into other products and services like cocoa, ethanol, ocean freight, coffee and futures/options brokerage on the world's major exchanges. With an entrepreneurial and creative team of more than 4 000 employees in over 30 locations worldwide Sucres & Denrées strives to serve its customers with quality and integrity.
Sucres & Denrées would hereby like to thank its customers and partners for their loyalty over the past 60 years and wishes them renewed success in the future.
Sucden successfully placed a €30m inaugural Euro Private Placement
Sucres & Denrées S.A.is pleased to announce the completion of a successful Euro Private Placement (“Euro PP”) on July 25th, 2015 of non-listed senior unsecured notes for a total amount of €30 million.
Tapping both the 5-year and 7-year tenors enables Sucden to diversify and lengthen the Group’s financing sources through fixed-rate bullet debt locking in attractive long-term interest rates.
The notes were placed among several key French institutions, which is a testament to investor’s confidence in Sucden’s credit quality and growth perspectives.
This inaugural Euro Private Placement enables Sucden to feed further its long term strategy to:
- Pursue vertical integration from origins to destination in its core markets
- Further grow the cocoa and coffee businesses through new subsidiaries and sustainability projects
- Seek opportunities to diversify revenue sources