Bunge acquires Argentine edible oil company

Company specializes in production and packaging of edible oils, including sunflower and soybean oils.

Bunge Southern Cone and Aceitera Martínez S.A. recently announced that the two companies have entered into an agreement to transfer all assets of Aceitera Martínez to Bunge. A family-run business for more than 60 years, Aceitera Martínez specializes in the production and packaging of edible oils, including sunflower and soybean oils.

The acquisition covers all of the oil company’s assets and includes a modern production plant located in San Jerónimo Sud, Argentina, near Bunge’s refining center. The facilities, equipped with state-of-the-art technology and three packaging lines, have an installed capacity of approximately 20,000 tons per month.

"This acquisition allows us to strengthen our value-added position in the agri-food chain and ratifies Bunge’s deep commitment to national production," said Enrique Humanes, chief executive officer of Bunge Southern Cone. “In the coming years, our commitment will be to meet the demand for higher-value-added products, expand our portfolio and generate a more appropriate asset allocation, all of which responds to Bunge’s strategic vision for our Food & Ingredients business.”

TAGS: Business
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