Cargill has announced the sale of its Dressings, Sauces and Mayonnaise (DSM) business to Ventura Foods. No financial details of the deal were disclosed.
The deal includes Cargill’s DSM facility in Port St. Lucie, Florida and substantially all the DSM manufacturing equipment at the Gainesville, Georgia and Sidney, Ohio facilities. The DSM equipment and business from Gainesville and Sidney will be relocated to Ventura’s facilities in Chambersburg, Pennsylvania, and Fort Worth, Texas. Cargill will provide contract manufacturing services for 15-18 months to Ventura Foods to ensure continuity for customers and a smooth transition to Ventura Foods.
Ventura said the acquisition was “a strong fit for Ventura Foods’ strategy to grow, strengthen and diversify. It further strengthens our innovation platform and leadership in consumer taste and preference trends.”
The agri-food powerhouse is now eyeing the potential sale of a 50 percent stake Alvean, a joint venture with Brazilian sugar giant Copersucar. Following the pending divestiture, Cargill would pivot its focus toward its food processing and meat activities.
The Life Cycle Assessment (LCA) conducted by Ramboll suggests advantages are primarily driven by the carbon emissions related to the amount of energy and freshwater required to wash the multi-use tableware.
The brewer’s South African arm says there has been significant impact from bans on alcohol sales and Covid-19 trading restrictions. At the end of December, the country banned alcohol sales for the third time to help reduce the pressure on emergency services.