Singapore – June 22th 2012 – LD Commodities Metals Asia Private Limited, wholly owned subsidiary of Louis Dreyfus Commodities (“LDC”), announced today the acquisition from GKE Corporation Limited (formerly known as Van der Horst Energy Limited of a 51 percent interest in GKE Metal Logistics Private Limited (“GKE Metal”), a warehouse and logistics operator in Singapore and Shanghai. GKE Metal is also an approved London Metal Exchange (LME Metals Storage) warehouse company.
The acquisition is a major step for Louis Dreyfus Commodities development in Asia. GKE Metal’s existing presence in Singapore and Shanghai will enhance LDC ability to grow its presence in refined metals in the Asia Region and accelerate the expansion of its domestic activities in China for all metals products.
The combination of LDC’s global presence and GKE Metal’s expertise in logistics will provide important growth opportunities and deliver great benefits for both companies.
“We are very excited about our participation in GKE Metals which should provide significant opportunities to both entities given the complimentary nature of our activities. GKE Metal will continue to operate as an independent third party provider of logistics, providing efficient and effective services for global trade flows”, said Kevin Grimes, Head of Metals Platform at Louis Dreyfus Commodities.
Louis Dreyfus Commodities is a global agri-commodities leader. The Group’s portfolio includes Oilseeds, Grains, Rice, Freight, Finance, Juice, Cotton, Coffee, Sugar, Metals, Milk, Fertilizers and Sugar and Ethanol mills businesses.
With 160 years in the commodities business, Louis Dreyfus Commodities maintains a dynamic culture with 35,000 employees at peak season, and offices in more than 55 countries. For more information, visit www.ldcommodities.com.