Anholt Announces Expansion in Paraguay
January 17, 2014WESTPORT, CT January 17, 2014. Anholt Services (USA), Inc. (together with its affiliates and owners, “Anholt”) announced today that Southern Harvest, LP, a subsidiary of Anholt Investments, Limited, has acquired an additional 10,000 hectares of agricultural land in Paraguay. This land has been and, in the near term, will continue to primarily be used to breed and fatten cattle. This acquisition brings total land ownership in Paraguay to approximately 15,000 hectares, to go along with approximately 10,000 hectares in Uruguay. In commenting on the acquisition, Anholt Partner Rudolph Krediet commented, “This acquisition brings our operations in Paraguay to significant scale which will allow us to maximize efficiency. The opportunities for the development of agricultural land in Paraguay are among the most attractive in the world. We look forward to continuing our growth in Paraguay and developing our holdings there into a world class, diversified operation, bringing the land to its highest value use over time.” Anholt Managing Director, Joe Massoud, continued, “Since 2007, we have been acquiring high quality agricultural land in Uruguay and Paraguay, and we continue to be excited about the prospects for this investment class from a long term point of view. We are fortunate to have a strong team in South America to identify interesting opportunities and then farm the land in a sustainable and profitable way.”
Anholt Services (USA), Inc. is an indirect subsidiary of the Kattegat Trust, a family office based philanthropic foundation. Anholt evaluates and manages Kattegat’s interests globally across a wide range of asset classes, including hard assets, fund partnership interests and control and minority stakes in private and public companies. The senior members of the Anholt team have worked with the Kattegat Trust in various capacities since 1998.