Sector News

Bunge to acquire Brazilian wheat processor Moinho Pacifico

August 31, 2015
Consumer Packaged Goods

(Reuters) – Bunge Brasil, a wholly owned subsidiary of Bunge Ltd, said on Thursday it has agreed to acquire Brazilian wheat processor Moinho Pacifico.

Bunge said the deal will allow it to increase its market share for wheat flour and some prepared mixes for the bread-making industry. Financial details were not disclosed.

Moinho Pacifico, located in Santos, is one of the largest wheat processors in Brazil. The transaction is subject to regulatory approval, Bunge said in a statement.

Bunge tried to buy Moinho Pacifico from its owner Lawrence Pih in 2009 but they did not agree on a price.

Buying Moinho Pacifico will allow Bunge to dominate Brazil’s largest consumer market in the state of Sao Paulo, which accounts for 28 percent of wheat sales in Brazil. (Reporting by Marcelo Teixeira, Gustavo Bonato and Guillermo Parra-Bernal; Editing by Chris Reese and Richard Chang)

comments closed

Related News

March 24, 2024

Aldi’s new flat and stackable wine bottles “make light work of heavy shopping baskets”

Consumer Packaged Goods

Collaborating with Packamama, Aldi has rolled out the “UK’s first” supermarket own-brand flat wine bottles within its Chapter & Verse label. The recyclable ergonomic packaging concept is made from 100% recycled PET (rPET) and available for shiraz and chardonnay options.

March 24, 2024

Health, sustainability, and a taste for adventure drive snacking behaviors: Mondelēz State of Snacking report

Consumer Packaged Goods

For the fifth year in a row, global consumers expressed a preference for snacking over traditional meals, with six in 10 consumers saying they’d rather eat several small meals throughout the day than a few large ones, according to the fifth annual State of Snacking report from Mondelēz International. Nearly nine in 10 (88%) consumers snack daily.

March 24, 2024

Shareholders challenge Nestlé to increase sales of healthy foods

Consumer Packaged Goods

The shareholders are urging Nestlé to set a target to boost the proportion of its sales from healthier products amid concerns regarding regulatory, reputational and legal risks faced by the company, as well as the public health implications “associated with an over-reliance on less healthy foods”.

How can we help you?

We're easy to reach