Davis Commodities to Acquire Up to 49% of Carfax Commodities

Deal News | Feb 25, 2025 | Globenewswire

Davis Commodities to Acquire Up to 49% of Carfax Commodities

Davis Commodities Limited, a leading agricultural commodity trading firm, has signed a Memorandum of Understanding (MOU) with Carfax Commodities (Asia) Pte Ltd, a prominent food commodities trader. The strategic plan involves Davis acquiring up to 49% of Carfax's share capital, with the aim of enhancing market presence and achieving operational synergies. This partnership is poised to integrate supply chains and leverage joint resources, enabling both companies to expand into new markets, bolster operational efficiencies, and increase market reach. The due diligence is set to conclude by March 28, 2025, with transaction finalization on April 30, and completion by June 27, 2025. Both companies view this collaboration as an opportunity for significant growth and expansion in Asia, Africa, and the Middle East.

Sectors

  • Agricultural Commodities
  • Supply Chain Management

Geography

  • Singapore – The headquarters and operations of Carfax Commodities (Asia) Pte Ltd are based in Singapore, where the deal is also being announced.
  • United States – Davis Commodities Limited is listed on the NASDAQ, a US-based exchange, linking the company to the United States.
  • Asia, Africa, and the Middle East – These regions are key markets for both Davis and Carfax, as highlighted in their strategic expansion plans.

Industry

  • Agricultural Commodities – The article focuses primarily on trading and distribution of agricultural commodities such as sugar, rice, and edible oils, which are the core offerings of both Davis and Carfax.
  • Supply Chain Management – Both companies emphasize optimizing supply chain and distribution networks, highlighting the relevance of this industry to their strategic plans.

Financials

  • 49% – Davis Commodities Limited is planning to acquire up to 49% of the share capital of Carfax Commodities (Asia) Pte Ltd.

Participants

NameRoleTypeDescription
Davis Commodities LimitedPotential AcquirerCompanyA NASDAQ-listed company specializing in agricultural commodity trading, particularly in sugar, rice, and oils.
Carfax Commodities (Asia) Pte LtdTarget CompanyCompanyA global trader of food commodities specializing in rice, edible oils, and sugar.