Bunge Global to Sell European Margarine Business

Bunge Global is selling its European margarines business as it focuses on core operations. The company's Agribusiness segment is its main business, with operations in North and South America, Europe, and Asia-Pacific. Bunge also produces sugar and ethanol in Brazil through a joint venture with BP. The Refined and Specialty Oils segment sells vegetable oils and fats, while the Milling segment sells wheat flours, bakery mixes, and corn-based products.

Bunge Global, a leading agricultural commodities and food company, has announced the sale of its European margarines and spreads business to Vandemoortele [1]. This divestment is part of Bunge's strategic focus on its core businesses in oilseeds, grains, and integrated value chains.

Bunge's European margarines and spreads business, which includes operations in Germany, Finland, Poland, and Hungary, will be acquired by Vandemoortele, a prominent European food group specializing in margarines and plant-based oils and fats. The transaction, subject to customary closing conditions, is expected to grant Vandemoortele control over Bunge's consumer brands, manufacturing sites, and a substantial portfolio of 20 well-known brands.

Bunge's 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."

Bunge's decision to divest its European margarines business is not surprising, given its core strengths in oilseeds and grains. The company's primary business segments include Agribusiness, Refined and Specialty Oils, and Milling. Through its Agribusiness segment, Bunge operates in North and South America, Europe, and Asia-Pacific, producing essential crops like soybeans, corn, wheat, and sugarcane. Additionally, Bunge produces sugar and ethanol in Brazil through a joint venture with BP.

In conclusion, Bunge Global's decision to sell its European margarines business to Vandemoortele signifies a strategic shift in focus towards its core strengths in oilseeds, grains, and integrated value chains. This transaction is expected to benefit both companies, enabling Bunge to concentrate on its core business areas and allowing Vandemoortele to expand its presence in the European margarines and spreads market.

[1] https://www.marketscreener.com/quote/stock/BUNGE-GLOBAL-SA-11825/news/Bunge-Agrees-to-Sell-its-European-Margarines-and-Spreads-Business-to-Vandemoortele-49421230/