Finasucre

What Finasucre does

Finasucre SA is a Belgian publicly-traded family holding company headquartered in Brussels (rue de la Gare 36, BE-1040) that operates a diversified agro-industrial portfolio anchored on sugar production. Created in 1929 to consolidate Belgian sugar interests with operational roots going back to 1869 (Moerbeke refinery), the group runs seven commercial subsidiaries across Belgium (Iscal Sugar, Galactic, Futerro), the Netherlands (Alldra), the Democratic Republic of the Congo (Compagnie Sucrière, Kwilu Briques), Australia (Bundaberg Sugar, Bundaberg Walkers, Macadamia International), New Zealand and China (B&G, Prolife Foods), and the United States (Galactic Inc.). It produces approximately 366,260 tonnes of sugar annually from both cane and beet, alongside lactic acid and PLA bioplastics, specialty sugars, macadamia nuts, rum (Kwilu Rum), alcohol, molasses, beet pulp, construction bricks, renewable electricity from cogeneration, and engineering services for sugar mills. The group controls 11,700 hectares of cane concession in the DRC and 14,700 hectares of macadamia orchards in Australia, providing significant vertical integration.

Revenue is generated primarily through direct sales of refined, raw, blonde, and white sugars to industrial clients (food and beverage manufacturers) and packaged retail products through grande distribution, supported by branded consumer offerings including the Bundaberg sugar family in Australia and Kwilu Rum in the DRC. Reported revenue was €591 million for the fiscal year ending March 31, 2025 (up from €544 million the prior year, an 8.7% YoY increase), with EBITDA doubling to €41 million in FY2023-2024. Distribution channels include industrial B2B direct sales, retail/grocery distribution in multiple packaging sizes, and a Bundaberg-branded e-commerce storefront in Australia.

Beyond its core sugar and agro-industrial operations, Finasucre diversifies through financial participations in real estate (Galeries Royales Saint-Hubert, Aedifica), private equity and consumer funds (BeCapital, JAB Consumer Fund, Ÿnsect, Global Baby), and complementary agricultural activities such as macadamia and DRC-based construction bricks. The group employs 3,220 permanent and 2,140 seasonal workers globally and is undergoing a governance transition in 2026 with a new CEO and a smaller, majority non-family Board of Directors.

Name

Finasucre

Legal name

Finasucre SA

Website

https://finasucre.com

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

11–50 employees

Short description

Finasucre is a Belgian publicly-traded agro-industrial holding producing 366,260 tonnes of refined sugar annually from cane and beet, plus lactic acid, PLA bioplastics, macadamia nuts, rum, and renewable electricity, serving industrial clients and retail consumers across five continents.

Ownership category

akta.pro rank

Product category

Sugar Production and Refining

NAICS

Cane Sugar Manufacturing (311314), Sugar Manufacturing (31131), Beet Sugar Manufacturing (311313), Food Manufacturing (311)

SIC

Food And Kindred Products (2000), Sugar & Confectionery Products (2060), Beverages (2080)

akta.pro primary industry

Cane Sugar (Raw & Refined) (AFAJAAAA)

Keywords

• Refined sugar production
• Agro-industrial manufacturing
• Lactic acid derivatives
• Sugar refinery equipment
• Macadamia nut farming

Headquarters

HQ city

Etterbeek

HQ country

Belgium

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Sugar Sales: Production and sale of refined sugars, raw sugars, brown sugars, and specialty sugars to industrial clients and retail distribution
2. Macadamia Nuts: Production and sale of macadamia nuts through acquired orchards in Australia
3. Lactic Acid and Derivatives: Production of lactic acid and derivatives through Galactic subsidiary
4. Alcohol and Rum: Production of alcohol including Kwilu Rum from Compagnie Sucrière in DRC
5. Renewable Energy: Sale of electricity from cogeneration operations
6. Agricultural By-products: Sale of molasses and beet pulp for animal feed
7. Engineering Services: Engineering and production of equipment for sugar refineries through Bundaberg Walkers Engineering

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Finasucre produces and sells refined, white, raw, blonde, and specialty sugars from cane and beet at facilities in Belgium, the Netherlands, the Democratic Republic of the Congo, Australia, China, and the United States. Through its subsidiaries it also produces lactic acid and PLA bioplastics (Galactic, Futerro), macadamia nuts, Kwilu Rum, ethanol, molasses, beet pulp, renewable electricity via cogeneration, construction bricks, and sugar refinery equipment.

Product overview

Finasucre is a Belgian agro-industrial group operating as a unified portfolio of sugar and related agricultural products. The company produces various sugars (raw, light, white, and refined) from cane and beet at facilities across Europe, Africa, Australia, and Asia, alongside specialty products including Bundaberg-branded sugars in Australia and Kwilu Rum in the DRC. Through its Galactic subsidiary, it produces lactic acid and derivatives, while the Futerro joint venture develops biodegradable PLA plastics. The group also diversifies into macadamia nuts, renewable electricity from cogeneration, and construction materials (Kwilu Briques), supported by engineering services through Bundaberg Walkers.

Differentiator

Problem solved

Functional benefit

Brands

• Bundaberg White Sugar: White sugar product from Australia
• Bundaberg Raw Sugar
• Bundaberg Brown Sugar
• Kwilu Rum
• Mi Perla

Products and services

• Sugars (Raw, Blonde, White, Refined) Raw, light, white, and refined sugars produced from cane and beet, sold in bulk to industrial clients and packaged for retail distribution.
• Specialty Sugars Specialty sugar products for specific industrial and consumer applications.
• Bundaberg Branded Sugars White, raw, caster, and brown sugar products under the Bundaberg brand produced in Australia and sold to consumers via retail and e-commerce.
• Golden Syrup Golden syrup produced by Bundaberg Sugar as a byproduct of sugar refining.
• Mi Perla Sugar Branded sugar product in the consumer retail range.
• Kwilu Rum Premium rum produced by Compagnie Sucrière in the Democratic Republic of the Congo from sugarcane byproducts.
• Macadamia Nuts Macadamia nuts produced from orchards in Australia and distributed via Macadamia Direct and Jindilli subsidiaries.
• Lactic Acid and Derivatives (Galactic) Lactic acid and derivatives produced by subsidiary Galactic SA for food, pharmaceutical, cosmetic, and industrial applications.
• PLA Biodegradable Plastics (Futerro) Poly Lactic Acid (PLA) biodegradable and recyclable plastics developed by Futerro, a joint venture with Total Petrochemicals.
• Alcohol and Ethanol Food-grade ethanol and alcohol produced as a byproduct of sugar production.
• Molasses and Beet Pulp Molasses and beet pulp produced during sugar refining and sold for animal feed applications.
• Renewable Electricity (Cogeneration) Renewable electricity sold from cogeneration operations at sugar production facilities.
• Sugar Refinery Equipment Engineering and fabrication of equipment for sugar refineries, including Bundaberg Walkers Engineering.
• Kwilu Briques Construction bricks produced in the Democratic Republic of the Congo for affordable housing and infrastructure.

Quantifiable outcome

• 366,260 tonnes of sugar produced annually
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered portfolio and core.

• Milkadamia International Holding Pty LtdportfolioOthers · 1 January 2019Participation in Milkadamia International Holding Pty Ltd, an Australian macadamia company.
• Jindilli International Holding Pty LtdportfolioOthers · 1 January 2019Participation in Jindilli International Holding Pty Ltd, an Australian macadamia company.
• Galeries Royales Saint-HubertportfolioOthers · 1 January 201025% participation acquired in Galeries Royales Saint-Hubert, a Belgian real estate company operating shopping galleries.
• Total PetrochemicalscoreStrategic or Co-development Partner · 1 January 2007Joint venture with Total Petrochemicals to create Futerro, a research platform for biodegradable plastics (PLA - Poly Lactic Acid). Finasucre holds this through its Galactic subsidiary.
• AedificaportfolioOthers5.46% participation in Aedifica, a Belgian REIT (Sicafi) active in real estate.
• BeCapital Private EquityportfolioOthers11.55% participation in BeCapital Private Equity (Sicar), a Luxembourg-based society specializing in companies developing ecological technologies and products.
• Government of Democratic Republic of CongocoreStrategic or Co-development Partner40% partner in the mixed-economy company Compagnie Sucrière at Kwilu-Ngongo, DRC. The Congolese State is a partner in this sugar production operation.

Scale indicators10 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Südzucker AG: Europe's largest sugar producer headquartered in Germany, producing beet sugar and diversified into ethanol, fruit, and agricultural inputs. Highly comparable to Finasucre as a multi-country, multi-product sugar and agro-industrial platform.
• Cargill, Incorporated: Global agricultural commodity giant with sugar trading, processing, and origination operations across multiple continents. Comparable to Finasucre at the broad level of diversified agro-industrial global scale, though sugar is one segment among many.
• Louis Dreyfus Company: Global commodity merchandiser with significant sugar operations (origination, refining, trading) and presence in multiple producing regions. Comparable to Finasucre in geographic reach and sugar commodity exposure.

Direct peers

• Tereos: French sugar cooperative producing beet and cane sugar, ethanol, and starch products across Europe, Brazil, and Africa. Closely comparable to Finasucre in business model, geographic reach, and diversification into adjacent agro-industrial products.
• Nordzucker AG: European beet sugar producer with operations across multiple EU countries producing refined sugar and animal feed byproducts. Directly comparable to Finasucre's European beet sugar segment (Iscal Sugar operations).
• British Sugar (Associated British Foods): UK's only beet sugar processor, wholly owned subsidiary of Associated British Foods. Directly comparable in beet sugar manufacturing and adjacent bioethanol/renewables operations, though UK-only geographically.
• Cosun Beet Company (Royal Cosun): Dutch cooperative sugar producer (formerly Suiker Unie) processing sugar beet and producing specialty ingredients, bio-based products, and renewable energy. Comparable to Finasucre's Dutch operations (Alldra) and its lactic acid/bioplastics adjacency.
• Bundaberg Sugar Ltd: Actually a Finasucre subsidiary, but operates as a recognized branded sugar producer in Australia. Included as the closest direct peer in Australian cane sugar alongside Bundaberg Walkers engineering.
• Raízen S.A. Brazilian joint venture (Cosan/Shell) producing cane sugar, ethanol, and bioenergy at large scale. Comparable to Finasucre in cane sugar production, renewable energy cogeneration, and byproduct monetization.
• Galactic SA: Wholly owned Finasucre subsidiary producing lactic acid and derivatives globally (Belgium, USA, China). Comparable to standalone lactic acid producers such as Corbion, though Corbion is the more relevant external peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/LE-RHUM-DE-KWILU/355433478511

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finasucre