Nordzucker completed the acquisition of a 70% stake in Mackay Sugar for $43m.

Nordzucker, a sugar manufacturer, completed the acquisition of a 70% stake in Mackay Sugar, an Australia's second-largest sugar producer, for $43m. "Thanks to the cost structures, cane sugar production is profitable even at lower sugar prices and the infrastructure in the Mackay region is optimal. In addition to the stable Australian sugar market, MSL gives us access to the world's largest growth market in Southeast Asia," Lars Gorissen, Nordzucker Chairman.