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Strauss Group Clarifies No Strategic Decision Made To Scale Down Green Coffee Export Operation In Brazil

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 talia.sessler@strauss-group.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

SOURCE Strauss Group Ltd
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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