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Bunge acquiring Germany's bakery segment leader

Company says acquisition to offer broader, high-value range of products.

Bunge has entered into a definitive agreement to acquire Westfälische Lebensmittelwerke Lindemann GmbH & Co. KG, a supplier of oils and fats in Germany. Established in 1902 in Bünde, East Westphalia, the family-owned business has grown to become one of the leading suppliers of oils and fats to both the industrial and artisan channels of the German bakery market.

Bunge said the Lindemann portfolio is an excellent fit and will allow it to offer a broader, high-value range of products in response to consumer trends and our customer requirements.

“This acquisition will allow us to build a more robust and balanced (business-to-business) oil and fat business by expanding our portfolio and capabilities to the bakery segment,” said Tommy Jensen, chief executive officer of Bunge EMEA. “It will enable us to strengthen our presence in northwestern Europe that we have established with our existing assets and our recent acquisition of Walter Rau Neusser.”

TAGS: Business
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