Bunge Alimentos to acquire a majority stake in CJ Selecta from CJ CheilJedang for $356.2m.

Bunge Alimentos, an American agribusiness and food company, agreed to acquire a majority stake in CJ Selecta, a company that produces ingredients that are manufactured from the soy crushing process, from CJ CheilJedang, a South Korean international food company based in Seoul that manufactures food ingredients, ambient, frozen and chilled packaged food products, pharmaceuticals and biotechnology, for $356.2m.