Bunge, a global agribusiness and food company, completed the acquisition of a 70% stake IOI Loders Croklaan, a producer and supplier of sustainable premium quality vegetable oils and fats for the food manufacturing industry, for $946m. "This is a transformational acquisition that increases our value-added food and ingredients activities to the 35% to 40% share of our portfolio we've targeted. With a comprehensive product offering derived from seed and tropical oils, leading innovation and application capabilities, and world class sustainability programs, Bunge Loders Croklaan will be the first choice for global edible oils customers seeking to innovate and grow," Soren Schroder, Bunge CEO.