Bunge Sells Brazilian Margarine and Mayonnaise Businesses in BrazilThursday, February 6, 2020
US agribusinesses giant Bunge announced last month that it had agreed to sell its margarine and mayonnaise assets in Brazil to Brazilian food processing firm Seara Alimentos SA. The sale, whose completion is subject to regulatory approval, includes three production plants and the brands used for these two products, according to Bunge. As part of the deal, the companies had negotiated supply, toll manufacturing and brand license agreements. Other branded products including packaged oils, shortenings and specialty oils would remain in Bunge’s portfolio.