Strauss Group Clarifies No Strategic Decision Made to Scale Down Green Coffee
Export Operation in Brazil
TEL AVIV, Israel, March 23, 2013
TEL AVIV, Israel, March 23, 2013 /PRNewswire/ --
In clarification of the press release issued by Strauss Group, we would like
to emphasize and clarify that no strategic decision was made to scale down
the green coffee export operation in Brazil.
The reduction in green coffee export activity in 2012 was due to the price
decrease of green coffee, the price volatility, as well as the transportation
conditions which existed in 2012.
Green coffee export from Brazil has been and will be an important part of the
Company coffee business and profit; in addition to the profit generated by the
operation itself, the green coffee export operation generates various
synergies with the other coffee operations of the Brazilian subsidiary.
For further information: Talia Sessler Director of Investor Relations Strauss
Group Ltd. +972-54-5772195 +972-3-6752545 email@example.com
Osnat Golan VP Communications & Digital, Spokesperson Strauss Group Ltd.
+972-52-8288111 +972-3-6752281 Or Gil Messing External Communications Director
Strauss Group Ltd. +972-54-2525272
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