Lang
The Colombian-founded ingredients specialist, Grupo Daabon, has officially executed a major acquisition of Agropalma, which is widely recognized as the leading producer of palm oil and its various derivatives in Brazil. The financial details and the total transaction sum of this landmark deal have not been publicly disclosed.
This major consolidation comes at a time when the palm oil sector remains of immense significance to the global confectionery and snacking industries. Manufacturers worldwide are facing escalating pressure to secure sustainable sourcing policies and guarantee agricultural practices that minimize environmental impact.
This transaction represents a significant expansion phase and a new chapter for the family-owned Colombian business. The acquisition encompasses 100% of Agropalma’s extensive operations located in Pará. This includes 39,000 hectares of planted palm, a massive 64,000-hectare forest reserve area, six extraction plants situated in Tailândia (PA), and the strategic refinery based in Belém. However, it was confirmed that Agropalma’s refinery in Limeira (SP) was excluded from the transaction and will henceforth operate independently under the name Indústrias Xhara. Agropalma's core identity will be fully retained post-acquisition.
Grupo Daabon operates across four continents through dedicated regional offices, including Daabon UK and Daabon Europa. The company is a global supplier of regenerative organic, certified sustainable palm oil, alongside other agricultural products such as bananas, cocoa, coffee, avocados, and limes.
Manuel Davila, Managing Director of Daabon Europa and Daabon UK, emphasized the global impact of this move, stating that Agropalma shares their family farming values and deep commitment to sustainability. He noted that their mission is to elevate the combined organization and set a new industry benchmark. By harmonizing best operational, agronomic, and industrial practices, Davila stated they will be better positioned to serve European, UK, and global markets with certified sustainable, deforestation-free palm oil that adheres to the strictest environmental and social responsibility standards.
The expansion into Brazil initiates a new cycle of strategic investments in Pará, aimed at strengthening the company’s global footprint, generating regional jobs, and consolidating community partnerships. Moving forward, the group plans to intensify support and engagement programs for Brazilian smallholder farmers while investing heavily to boost plantation productivity in line with Brazil's sustainable palm oil potential. Furthermore, investments will be directed toward aligning all of Agropalma’s operations with the rigorous Environmental, Social, and Governance (ESG) standards held by Grupo Daabon, which include Regenerative Organic Certified™ (ROC™), Fair Trade, and Roundtable on Sustainable Palm Oil (RSPO) certifications.
Source: Confectionery Production
