Food ingredients company Bunge North America (BNA) has decided to shut down its oil packaging unit in Bradley, Illinois, in the US. The closure will take place in 18 to 24 months. Besides, operations at the administrative building, ...
Canada based agribusiness joint venture G3 Global Grain Group (G3) is set to acquire 50.1% stake in grain handler CWB for C$250m ($201m). G3 is a joint venture between the Canadian subsidiaries of Saudi Agricultural and Livestock ...
Bunge North America’s Cincinnati-based grain terminal was bought last week by local storage and logistics business Vogt Warehouse, stated Bunge. "We had already determined the Cincinnati location did not fit our long-term strategy ...
Tags: Bunge, grain terminal, Vogt Warehouse, grain
Agribusiness and food company Bunge’s North American operating unit has acquired the assets of Heartland Harvest, the manufacturer of die cut pellets used to make extruded foods. The financial details of the transaction have not ...
Tags: Bunge's North American, Heartland Harvest, extruded foods
Tough market conditions led to Swedish fashion retailer – Bjorn Borg, a marketer of innerwear and sportswear, witnessing decline across all key financial parameters including sales, net profit and EPS in the second quarter of 2014. ...
Tags: Tough market, Bjorn Borg, Apparel
American food company Bunge has reported net loss of $27m in the first quarter of fiscal 2014, compared to net income of $170m in the same quarter a year ago. The company's gross profit was $414m, a decrease from $647m in the ...
Tags: Bunge, food company
Bunge North America, a unit of food processing firm Bunge, has purchased the wheat milling business of Grupo Altex in Mexico for an undisclosed amount. Grupo Altex produces a wide range of products from wheat including, bread flour, ...
Tags: Wheat Milling, Bunge North America
Soybean imports are likely to rise to a new high in the 2013-14 market year (September 2013 to August 2014) following a drop in domestic output and greater demand for animal feed and edible oil. Heilongjiang province in Northeast China, ...
Tags: Soybean Imports, Soybean Demand
Bunge North America, a unit of food processing firm Bunge, is set to acquire wheat milling business of Grupo Altex in Mexico. Grupo Altex produces a wide range of products from wheat including, bread flour, prepared flours for baked ...
Tags: Wheat Milling Business, Bunge
IC Companys has reorganized its Executive Board in order to create a more lean organizational structure and increase focus on its brands in the Premium segment. In the future all three Premium brands – Tiger of Sweden, By Malene ...
Tags: Lean Structure, Executive Board
Indonesia-based food firm PT Tiga Pilar Sejahtera Food (TPSF) has entered into an agreement with private equity firm KKR to sell approximately 9.5 % stake in the company to certain funds advised by KKR Asset Management for an undisclosed ...
Bunge North America has opened its new packaging facility in Decatur, Alabama, in a bid to improve its manufacturing processes to better serve customers in the southeastern US. Bunge Oils southeast region director of operations Beau ...
Tags: Bunge, Packaging Facility
Agri-giant Bunge has announced chief executive Alberto Weisser plans to retire at the beginning of June, to be replaced by the CEO of its North American arm Soren Schroder. Weisser has worked at Bunge for nearly 14 years, having joined ...
Tags: Continental Grain, Bunge, CEO
Bunge has appointed Karl Gerrand as MD of its Canadian operations. Gerrand comes to Bunge from Viterra and replaces retiring country head Rick Watson. "During his 38-year career, Rick has helped Canada's oilseed industry grow from a ...
Tags: oilseed industry, Bunge, Gerrand
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn. Glencore said this week its completion of the deal hands it "immediate critical ...
Tags: Commodity trader Glencore, global grain trading, acquisition