Bunge Agrees to Sell Mexico Wheat Mills to Grupo Trimex
10/13/2021 - 08:55 AM
ST. LOUIS --(BUSINESS WIRE)--
Bunge Limited (NYSE: BG) today announced that it has agreed to sell its seven Mexico wheat mills to Grupo Trimex. The completion of the sale is subject to customary closing conditions, including regulatory approval.
“Bunge is most effective when we operate our value chains end-to-end, collaborating closely with our farmers and customers. The wheat milling business in Mexico is not fully integrated in the way that is critical to successfully serving our customers in line with our long-term sustainable and strategic goals,” said Bunge CEO Greg Heckman . “We believe selling the business to a well-respected wheat miller will provide a great opportunity for our employees as well as our customers.”
Bunge will continue to serve its oil and meal customers in Mexico and will continue to operate its corn mill in Querétaro.
About Bunge
At Bunge (www.bunge.com , NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri , and we have more than 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.
Website Information
We routinely post important information for investors on our website, www.bunge.com , in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
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Media Contact:
Bunge News Bureau
Bunge
636-292-3022
news@bunge.com
Investor Contact:
Ruth Ann Wisener
Bunge Limited
636-292-3014
Ruthann.wisener@bunge.com
Source: Bunge Limited
BG Rankings
#1513 Ranked by Stock Gains
BG Stock Data
Industry
Soybean and Other Oilseed Processing
Sector
Manufacturing
Tags
Process Industries, Agricultural Commodities/Milling, Manufacturing, Soybean and Other Oilseed Processing
About BG
bunge (nyse: bg) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in south america. founded in 1818, the company is headquartered in white plains, new york. to learn more about bunge’s global operations, go to www.bunge.com.