PROJECT

Projects

Summary of Investment Information

Project Number

40796

Company Name

Pandurata Alimentos Ltda.

Date SPI Disclosed

Apr 27, 2018

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 30, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 20, 2018

Department

Regional Industry - MAS LAC

Industry

Agribusiness and Forestry

Previous Events

Approved : May 30, 2018
Signed : May 31, 2018
Invested : Sep 18, 2018

Sector

Other Food

Project Description

 The proposed IFC investment consists of an A / B/ Trust loan financing package to Pandurata Alimentos Ltda ("Bauducco" or "the Company"). Bauducco, founded in 1952, is one of the leading baked products companies in Brazil, producing panettones, toasts, cookies, wafer biscuits and other baked products. The Company produces baked products under 3 complementary brands (Bauducco, Visconti and Tommy) to target the entire spectrum of Brazilian consumers.

Bauducco is currently carrying out an investment program of about US$70 million over the next 2 years consisting of (i) expansion of its plant in Extrema, (ii) civil construction to expand its Guarulhos plant; and (iii) associated working capital needs.

                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation