São Paulo, March 31 , 2016 —IFC,
a member of the World Bank Group, will provide a US$40 million loan to
Pandurata Alimentos Ltda, best known for its brand Bauducco, one of the
leading baked products companies in Brazil. By supporting Bauducco’s investment
program, IFC will help promote the growth of the Brazilian food sector,
which is critical for the country’s economic activity, trade balance and
Bauducco is currently carrying out an investment
program that includes the capacity expansion and modernization of its plants.
IFC’s eight-year financing will help Bauducco to accomplish that plan,
investing in new technologies and innovative products, and to strengthen
its capital structure. It will also support the growth of the food and
beverages sector, which accounts for 9% of Brazil’s Gross Domestic Product
(GDP) and employs over 1.7 million people.
"We have a long-standing partnership
with IFC that dates back to 2007,” said Leandro Gomes, Bauducco CFO.
“This investment will help us implement the expansion program planned
for the next years under competitive financial conditions, and represents
a vote of confidence in our strategy and capacity to grow despite a challenging
“The agribusiness sector, with its entire
supply chain, is a strategic priority for IFC because of its potential
for promoting development and poverty reduction”, said Luiz Daniel
de Campos, Principal Investment Officer, Agribusiness Department, IFC Brazil.
“This is our third transaction with Bauducco; we are pleased to continue
to support the company’s investment plans, which will contribute to the
creation of skilled jobs, and expand access to quality food products for
the Brazilian population.
IFC promotes inclusive economic development
in agribusiness by supporting its entire value chain, which includes Food
& Beverage businesses. In the fiscal year ended June 2015, IFC invested
$3.2 billion across the agribusiness supply chain – from farm to retail
– to help boost production, increase liquidity, improve logistics and
distribution, and expand access to credit for small farmers. In that same
fiscal year, IFC’s overall agribusiness portfolio stood at $5.2 billion.
In Brazil, IFC invested $530 million in the agribusiness and food
sector in the last five years.
IFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence, to create opportunity where
it’s needed most. In FY15, our long-term investments in developing countries
rose to nearly $18 billion, helping the private sector play an essential
role in the global effort to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org
Established in 1952, Bauducco is one of the
leading baked products companies in Brazil. It is the world’s largest
producer of panettones (Christmas cake), the largest producer of toasts
and wafers in the Americas and the largest producer of impulse buying products
in Brazil. The Company produces products under 3 complementary brands (Bauducco,
Visconti and Tommy) to target the entire spectrum of Brazilian consumers.