Bunge makes Mexico deal2 Sep 2016
Bunge North America is to invest in Grupo Minsa, a corn flour producer. As part of the transaction, Bunge will take management control of four mills in Mexico and two mills in the United States.
Bunge North America is to invest in Grupo Minsa, a corn flour producer. As part of the transaction, Bunge will take management control of four mills in Mexico and two mills in the United States. The facilities have a combined annual processing capacityof 700,000 metric tons and produce a broad portfolio of branded corn flours and pre-mixes for tortillas and other goods.“This investment enhances Bunge’s position in milling, an important contributor to our global Food & Ingredients business,” said Soren Schroder, CEO, Bunge Limited. “The operation is aligned with our core capabilities and increases the share of value added business in our overall portfolio.”Bunge entered the U.S. corn masa market in early 2014 with the purchase of its first mill in Worthington, Indiana. With this investment, Bunge enters the corn masa market in Mexico.“This is a natural extension of our successful milling platforms in the U.S. and Mexico that will enable us to expand in a product line that is growing due to demographic and economic trends,” said Todd Bastean, CEO, Bunge North America. “With more facilities, products, and capabilities, we’ll be able to provide a broader offering and enhanced services to our growing customer base, with more logistical and operational flexibility.”“We’re very excited to add the talent and experience of the Grupo Minsa team to Bunge’s Mexican organization,” said Daniel Maldonado, Managing Director of Bunge in Mexico. “Together we will enhance our ability to provide high quality, innovative flour solutions to our customers.”
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