Louis Dreyfus Highbridge Energy LLC (“LDHE”), a global commodities merchant, today announced that its previously announced ownership change has been completed and that the Company has been re-branded Castleton Commodities International, LLC (“CCI”).
In October 2012, DF Energy Acquisition LLC, a private investment vehicle owned by Glenn Dubin, and an independent investor group, including investment vehicles established by family trusts created by Paul Tudor Jones and Timothy Barakett, and Continental Grain Company / Paul Fribourg, agreed to acquire substantially all of the outstanding equity in Louis Dreyfus Highbridge Energy. Terms of the transaction were not disclosed.
“We are pleased to welcome some of the finest minds in global finance and industry as our new shareholders, and we look forward to entering the New Year as Castleton Commodities International,” said William C. Reed II, President and Chief Executive Officer of CCI. “With the support and fresh perspective of our new owners, we will leverage the skills and experience of our talented management team to expand our areas of focus and continue to drive growth in our merchant and asset businesses.”
“The investor group and I are excited to be part of Castleton's evolution as the Company extends its reach across key commodity markets around the world,” added Glenn Dubin. “Bill and the rest of the senior management team have done a tremendous job developing this platform and we are confident in their ability to sustain this success going forward.”
About Castleton Commodities International, LLC
Castleton Commodities International LLC (“CCI”) is a global, private commodities merchant headquartered in Stamford, Connecticut. Using a fundamental approach and in-depth research, CCI deploys capital in financial and physical commodities, and underlying assets spanning the commodity storage and transportation supply chain, throughout the world. CCI employs more than 300 people across principal offices in Stamford, Houston, Canada, Switzerland, Uruguay, Singapore, and China. CCI was formerly Louis Dreyfus Highbridge Energy.
About DF Energy Acquisition LLC
DF Energy Acquisition LLC is the private investment vehicle owned by Glenn Dubin.
About the Investor Group
The private investor group includes an experienced group of strategic and financial investors and is comprised of investment vehicles established by family trusts created by Paul Tudor Jones and Timothy Barakett, and Continental Grain Company / Paul Fribourg.
David Millar, +1 646-805-2009
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