Bunge to Sell North America Corn Milling Business
Bunge has reached an agreement to sell its North America dry corn and corn masa milling businesses to Grain Craft, a leading US independent flour miller.
The deal includes Bunge facilities in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico.
Bunge’s Co-President, Agribusiness, Julio Garros said: "We carefully considered how this regional business fits with our long-term plans and made the strategic decision to focus on other areas of our core business that are more strongly connected to our global value chains."
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