St. Louis, Missouri – Bunge Limited, a world leader in sourcing, processing and supplying oilseed and grain products and ingredients, has announced that it has entered into an agreement with Zen-Noh Grain Corporation to sell 35 of its United States grain elevators. Financial terms of the acquisition were not disclosed.
"This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of the company while reducing costs and strengthening our balance sheet. Bunge will continue to be an industry leader in the U.S. grain marketplace through global grain trading and distribution with our export terminals in Destrehan, Louisiana, which we are expanding, and EGT, our joint venture in the Pacific Northwest. We will also continue our strong presence in the soybean processing business and milling operations," explained Greg Heckman, Chief Executive Officer of Bunge Limited.
Through supply agreements, Bunge stated that it will be able to access a larger and stronger origination and distribution network through Zen-Noh Grain Corporation.
Prior to this pending deal, Bunge ranked seventh in North America for grain storage at 170.1 million bushels.
To view current job openings at Bunge North America, visit: https://www.careersinfood.com/bunge-north-america-company-37864.htm.
Source : Careersinfood.com