Cargill completes sale of oilseed processing facilities to Bunge

Cargill, a global food company, has completed the sale of soybean / rapeseed crush and oil refinery and the beans discharging operation alongside its processing plant located in the port of Amsterdam, Netherlands to Bunge, a global agribusiness and food company.

Bunge will also acquire Cargill’s soybean / rapeseed crush facility, which is located in Brest, France.

The deal was announced in August last year, and as per the terms of the deal, around 120 employees associated with the business in the Netherlands and 51 in France have been transferred to Bunge.

The acquisition is reported to be in line with Bunge strategy, as the newly acquired business will complement its existing soy processing operations in Europe and would allow them to further strengthen its presence in the oilseed processing segment across Northern Europe.

The company also anticipates that the acquisition will enhance its presence in the European protein market.

Cargill will be retaining two soybean processing facilities located in the ports of Barcelona in Spain and Liverpool in the UK, as these units are closely inter-connected with a number of Cargill’s other businesses that are engaged in serving local customers in the food and feed sectors in Spain and the UK.

The company will be focusing on other businesses that are involved in processing and refining other oilseeds and tropical oils across Europe.

It also intends concentrate on serving its customers and growing its longer term business in this region.