Castleton Commodities International
Castleton Commodities International, LLC (CCI) is a privately held global merchant firm that is involved in commodity trading and is active in a wide spectrum of global energy markets.[1] Under the name Louis Dreyfus Energy, the company was formed in 1997 by the Louis Dreyfus Company as a subsidiary to trade energy.[1] By 2006 Louis Dreyfus Energy was ranked as one of the 10 largest natural gas marketers within the United States.[3] The company has worldwide interests covering "the physical delivery of petroleum and natural gas as well as financial interests in energy".[3] Headquartered in Stamford, Connecticut, CCI has offices in Calgary, Canada; Houston, Texas; Geneva, Switzerland; London, United Kingdom; and Singapore.[4] In 2006 Highbridge Capital Management, a New York based hedge fund, invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets.[3] The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy).[3] In October 2012, it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge.[5] The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business.[5] The new company was named Castleton Commodities International, LLC where Glenn Dubin as of 2012 is the lead shareholder.[6] In 2015, Castleton Commodities International acquired Morgan Stanley’s Global Oil Merchanting Business for an undisclosed sum.[7] References
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