Bunge Acquires Argentinian Edible Oil Company
Bunge Southern Cone has agreed to acquire all assets belonging to Aceitera Martinez S. A. – a family-run business that produces and packages edible oils, including soybean and sunflower oils.
Assets involved in the deal include a production plant in Jerónimo Sud that has three packaging lines and processing capacity of approximately 20,000 tons per month, and which is located in close proximity to Bunge’s existing refining center.
The deal will support Bunge’s ability to meet the growing demand for value-added products, while also expanding its portfolio and generating a more appropriate asset allocation.
This acquisition is the latest after a busy period for Bunge. In March the company acquired Westfälische Lebensmittelwerke Lindemann GmbH & Co. KG – a German supplier of oils and fats, and completed the acquisition of Cargill’s soybean and rapeseed crush and refining plants, and its beans discharging operation in the Netherlands and France respectively. Bunge also launched a joint venture with Bahri Dry Bulk Co. (BDB), a subsidiary of the Bahri Group, the national shipping arm of the Kingdom of Saudi Arabia in February of this year to establish an ocean freight supplier for dry bulk shipments in and out of the Middle East.