Bunge Acquires Argentinian Edible Oils Firm

An agreement was signed between Bunge Southern Cone and Argentinian edible oils producer Aceitera Martinez S.A.to transfer the assets of edible oils producer Aceitera to Bunge, the company announced in a April 21 press release.

“This acquisition allows us to strengthen our value-added position in the agrifood chain and ratifies Bunge’s deep commitment to national production,” Enrique Humanes, chief executive officer of Bunge Southern Cone said in a statement. “In the coming years, our commitment will be to meet the demand for higher value-added products, expand our portfolio and generate a more appropriate asset allocation, all of which responds to Bunge’s strategic vision of our Food & Ingredients business”

Included in the transaction is a production plant in San Jeronimo Sud near a Bunge refining center with three packaging lines and a monthly capacity of 20,000 tn.

Aceitera Martinez produces a variety of edible oils including sunflower and soybean oil.

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