MTC Group will join the Sucafina family in an announcement on 1 February confirming the company’s acquisition by the global trading company.
The MTC brand and its entire team will remain within the company, and in the short-term, little change is predicted for its operations.
Over the next few months, MTC Founder and current CEO Andrew Ford will personally oversee the transition through to settlement. Following that, Andrew will remain in an advisory support role for the remainder of the year.
MTC has appointed James Dargan as a new Managing Director for the business. James has spent the past 12 years working in East Africa in various capacities, most recently with Sucafina Tanzania. James will officially join MTC on 1 April 2019.
“This is an exciting partnership that combines two distinct components into a stronger whole. MTC and Sucafina look forward to serving the global green coffee network into the future,” MTC says in a press statement.
“The entire MTC team are proud of our heritage as producers and have developed our reputation as green coffee specialists, with a strategic connection to origin through quality orientated supply chain development work. We have worked hard to develop a global footprint, and today announce the deal to join the Sucafina family.”
Sucafina, the family business was established in 1905 in the coastal city of Jaffa, Palestine. It exported oranges and imported foodstuffs, selling its goods throughout the Middle East and expanding with each generation. Today, with its head office in Geneva, Switzerland, Sucafina is one of the leading trade houses in the world.
MTC will join the growing specialty sales offices in Europe and North America, along with origin export businesses, including washing stations, mills and export operations in multiple countries around the world.
Sucafina’s presence in East Africa, Colombia and Brazil are complementary to MTC’s plans to extend origin development work across Asia in Papua New Guinea, Indonesia and Timor-Leste. The deal promises to be mutually beneficial.
“Both entities have talented, youthful, and experienced coffee teams actively promoting a vertical integration that begins at the farmer level with washing stations, mills, and export operations and end with value-added services provided to the roaster community in transparent, efficient supply chains. Together we hope to grow towards being the leading sustainable farm to roaster coffee company in the world,” the press release reads.