Sector News

Bunge acquires 70% stake in oils producer IOI Loders Croklaan

March 1, 2018
Consumer Packaged Goods

Bunge International has acquired a 70% stake in oils producer IOI Loders Croklaan from IOI Corporation Berhad for an undisclosed sum.

IOI Loders Croklaan supplies products such as palm oil to consumers in over 100 countries, and the brand will join Bunge’s Food & Ingredients division as Bunge Loders Croklaan.

Bunge claims that the deal will diversify its product portfolio, allowing the company to supply new products to customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service segments.

Soren Schroder, Bunge’s CEO, stated, “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.”

Gordon Hardie, president of Bunge’s Food & Ingredients division added: “We’re excited to leverage the combination of Bunge’s integrated supply chain and existing oils portfolio with Loders’ high-end speciality and semi-speciality products to help our customers grow their brands and businesses around the world.

“We’re also excited to begin working alongside our new colleagues, whose deep market and technical knowledge will benefit our continuing development of a wide range of edible oils applications aligned with consumer trends and customers’ needs.”

Source: FoodBev

comments closed

Related News

December 3, 2023

‘Hangover Beauty’ tipped to be top trend in 2024 – WGSN

Consumer Packaged Goods

A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.

December 3, 2023

Diageo transforming Captain Morgan and Smirnoff distribution with circular packaging strategy

Consumer Packaged Goods

The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.

December 3, 2023

Unilever CEO: We will stop ‘force fitting’ purpose to our brands

Consumer Packaged Goods

Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.

How can we help you?

We're easy to reach