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Seara Alimentos to Acquire Brazilian Margarine and Mayo Assets from Bunge
Friday 27 December 2019

27 December 2019 - US oilseed and grain products supplier Bunge Ltd. (NYSE: BG) has agreed to sell its Brazilian margarine and mayonnaise assets, including three production plants, to Seara Alimentos S.A., the company said.

Terms of the transaction were not disclosed.

The completion of the sale is subject to regulatory approval.

As part of this deal, the companies have also negotiated supply, toll manufacturing and brand license agreements. Other branded products including packaged oils, shortenings and speciality oils will remain in Bunge's portfolio.

Bunge Ltd. is in sourcing, processing and supplying oilseed and grain products and ingredients.

The company has 25,000 employees worldwide who stand behind more than 360 port terminals, oilseed processing plants, grain silos, and food and ingredient production and packaging facilities around the world.
Date Published: 27/12/2019
Target: Brazilian margarine and mayonnaise assets
Country: Brazil
Sector: Agriculture/Forestry
Type: Divestment
Financing: Cash and Stock
Status: Agreed
Vendor: Bunge Ltd
Buyer: Seara Alimentos S.A
Terms of the deal were not disclosed