On August 2, 2024, Hartree Partners, LP, announced the acquisition of the majority of ED&F Man’s A2 and B1 Senior Secured Legacy Debt and an exclusive agreement to acquire ED&F Man Commodities’ three business units: Volcafe (coffee), Liquid Products (molasses, animal feeds, and fish oil), and Sugar. Both Hartree and ED&F Man Commodities operate in Canada, with Hartree active in energy and commodity trading and ED&F Man supplying soft commodities like sugar, coffee, and molasses.

The transaction, expected to close in 2025, expands Hartree’s portfolio into soft commodities. White & Case LLP advised Hartree, while Clifford Chance represented ED&F Man Holdings. The deal includes amended cross-commodity facilities extended to March 2026. Transaction value was not disclosed.