Bunge Agrees to Sell its European Margarines and Spreads Business to Vandemoortele

Rhea-AI Summary

Bunge (BG) has entered into an agreement to sell its European margarines and spreads business to Vandemoortele, a family-owned European food group specializing in margarines and plant-based oils & fats. The transaction includes:

- Operations in Germany, Finland, Poland and Hungary
- Manufacturing facilities for spreads and margarine
- Portfolio of 20 consumer brands

The deal's completion is subject to standard closing conditions and regulatory approval. This strategic move aligns with Bunge's focus on maintaining global leadership in integrated oilseeds and grains value chains, along with its B2B ingredients business in oils, emulsifiers, and proteins.

Positive

• Strategic divestment allows focus on core business operations
• Sale of non-core assets streamlines business portfolio

Negative

• Reduction in European market presence
• Loss of revenue stream from 20 consumer brands

ST. LOUIS--(BUSINESS WIRE)-- Bunge has announced an agreement to sell its European margarines and spreads business to Vandemoortele, a leading family-owned food group in Europe with a strong presence in margarines and plant-based oils & fats. The completion of the sale is subject to customary closing conditions, including regulatory approval.

With this agreement, Vandemoortele expects to acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, along with its spreads and margarine manufacturing sites and a portfolio of 20 consumer brands.

Bunge Chief Transformation Officer and acting President, Food Solutions, Pierre Mauger commented, "Bunge’s focus going forward is on global leadership in our integrated value chains in oilseeds and grains, and in our connected oils, emulsifiers and proteins B2B ingredients businesses. We are pleased that the margarines and spreads business will be able to further develop under new ownership.”

About Bunge

At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to strengthen global food security, increase sustainability where we operate, and help communities prosper. As a world leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to develop tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. We have approximately 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

Website Information

We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250325568811/en/

Media Contact:

Bunge News Bureau

Bunge

636-292-3022

news@bunge.com

Investor Contact:

Ruth Ann Wisener

Bunge

636-292-3014

Ruthann.wisener@bunge.com

Source: Bunge Global SA

FAQ

What assets are included in Bunge's European margarines sale to Vandemoortele?

The sale includes Bunge's margarines operations in Germany, Finland, Poland and Hungary, manufacturing sites, and 20 consumer brands.

How will the European margarines sale affect Bunge's business strategy?

The sale allows Bunge to focus on its core business: global leadership in integrated oilseeds and grains value chains, and B2B ingredients operations.

Which countries are affected by Bunge's margarines business sale?

The sale affects Bunge's operations in four European countries: Germany, Finland, Poland, and Hungary.

What regulatory conditions must be met for Bunge's margarines sale?

The sale requires regulatory approval and other customary closing conditions before completion.