Agricultural commodities trader Cargill Inc is in talks to sell two crushing plants in Western Europe, sources with knowledge of the matter said.
The assets included a soyabean crushing plant of around 600,000 tonnes capacity per annum in the Dutch city of Amsterdam, as well as a soyabean and rapeseed crushing plant of around 300,000 tonnes capacity in Brest, France.
“At any one time, Cargill is assessing a number of initiatives to progress its business strategy. It is our policy that we will communicate as and when there is something definitive,” a Cargill spokeswoman said.
Two sources said rival trade house Bunge was interested in buying the assets.
Bunge did not respond to requests for comment via phone and email.
Cargill and Bunge are amongst the world’s top oilseed crushers.
Bunge recently boosted its oilseed crushing capacity via its acquisition of a majority stake in German company Walter Rau.
Privately held Cargill launched a restructuring last year, as global agricultural companies came under pressure from slumping commodity prices, slowing demand in China and weakness in emerging markets.
By Sarah McFarlane
Source: Reuters
Currently chief executive of GreenV – an international group of companies active in the horticultural sector – van Karnebeek spent a large portion of his career at Heineken, working in commercial, marketing and general management positions. He served as chief commercial officer at the Dutch brewer from 2015 until 2021.
The facility combines the existing Kerry office in Barcelona with a new customer suite and application labs. It will enable the company to work more closely with its customers in Southern Europe to develop food and beverage solutions.
The sweet and culinary flavor creation labs are the latest addition to the company’s expansive campus that has been in operation since 1964, spanning more than 312,150 square feet in Brabrand, Denmark. The innovation hub is home to more than 400 employees engaged in research, application development, ingredient and flavor creation.
