Announced
Financials
Sources
Tags
Brazil
Acquisition
Pending
margarine products
mayonnaise
Majority
Friendly
Food Products
Private
Single Bidder
Synopsis
Seara Alimentos, a producer and distributor of pork and poultry products, agreed to acquire Bunge margarine and mayonnaise assets, for $131m. The transaction is subject to regulatory approval. "This transaction further streamlines our operations in Brazil around our core capabilities, while providing good value for a solid business. It also represents another incremental step in executing a key priority of optimizing our overall portfolio," Greg Heckman, Bunge's Chief Executive Officer.
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