Bunge acquires largest wheat mill in Latin America
This I just reported at my own agrosouth-news.com:
Multinational Bunge has acquired 100 percent of Moinho Pacífico, the largest wheat mill in Latin America. The agricultural giant now owns the industrial plant in the port of Santos (state of São Paulo) and the infrastructure complex at the port that stores 200,000 tons. The value of the transaction was not unveiled by the parts involved, but Raul Padilla, Bunge’s CEO, said that this was the biggest investment in the last years.
Brazilian newspaper Valor Econômico cited today that the previous Bunge investment was the construction of a new mill in Rio de Janeiro with R$ 500 million and a capacity to grind 600,000 tons, while Pacífico has a capacity to crush nearly 700,000 tons.