Bunge Global SA announced it has reached definitive agreements to sell its North America dry corn and corn masa milling businesses to Grain Craft, one of the largest independent flour millers in the United States.
The transaction encompasses seven facilities located in Illinois, Indiana, Nebraska, Iowa, Texas, Kansas and Mexico.
Julio Garros, Bunge’s co-president of agribusiness, explained the strategic shift: “We carefully considered how this regional business fits with our long-term plans and made the decision to focus on other areas of our core business that are more strongly connected to our global value chains.”
The deal allows Bunge to concentrate on its global operations while transferring the facilities to an established industry player in the U.S. milling sector.
The companies did not disclose financial terms of the transaction, which remains subject to regulatory approval and customary closing conditions.
