Bauducco Incl.

pending

Pandurata Alimentos Ltda. ("Bauducco" or "the Company"), an existing IFC client, is a baked products company in Brazil, having six manufacturing plants, two located in Guarulhos (Sao Paulo), one located in Mogi das Cruzes (Sao Paulo), one located in Extrema (Minas Gerais), one in Rio Largo (Alagoas) and one in Miami (Florida, USA). IFC is a long-term partner of Bauducco, having committed five investments since 2007, namely #25765 disclosed in April 2007 (https://disclosures.ifc.org/#/projectDetail/ESRS/25765), #27783 disclosed in May 2009 (https://disclosures.ifc.org/#/projectDetail/ESRS/27783), #37708 disclosed in February 2016 (https://disclosures.ifc.org/#/projectDetail/ESRS/37708), #40796 disclosed in April 2018 (https://disclosures.ifc.org/project-detail/ESRS/40796/bauducco-growth), and finally #44358 disclosed in April 2022 (https://disclosures.ifc.org/project-detail/SII/44358/bauducco-covid). Bauducco’s current environmental and social performance is satisfactory. Bauducco has a portfolio of products, including sliced bread, toasts, wafers, cookies, panettones, among others. All facilities are in industrial areas, except for the two facilities located in Guarulhos, which are in an urban area.The proposed investment consists of a US$30 million financing package to fund part of Bauducco’s investment plan for FY24/FY25. The investment will primarily support the new small soft buns bread line in the Bonsucesso plant (the Bisnaguinha project) and the chiller’s replacement and retrofit in the Extrema and Bonsucesso plants.