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Bunge Completes the Sale of its Mexico Wheat Mills
Rhea-AI Impact
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Rhea-AI Summary
Bunge Limited (NYSE: BG) has completed the sale of its wheat mills in Mexico to Grupo Trimex. This strategic move allows Bunge to focus on its corn mill operations in Querétaro and continue serving domestic oil and meal customers. The transaction reflects Bunge's ongoing efforts to optimize its operations and enhance its market position.
Positive
Completion of wheat mills sale in Mexico enables greater operational focus.
Continued operation of corn mill in Querétaro supports domestic market presence.
Negative
None.
ST. LOUIS--(BUSINESS WIRE)--
Bunge Limited (NYSE: BG) announced today that it has completed the sale of its wheat mills in Mexico to Grupo Trimex. Bunge will continue to operate its corn mill in Querétaro and to serve its domestic oil and meal customers.
About Bunge
At Bunge (www.bunge.com, 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 put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have more than 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.
