Bunge buys assets of Mid-Atlantic Vegetable Shortening, Inc.
St. Louis, Missouri – April, 24, 2009: Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it has purchased the assets of Mid-Atlantic Vegetable Shortening, Inc. in Kearny, N.J.
Mid-Atlantic is an edible oil packaging business that services bakery, food processor and foodservice customers in the Northeastern United States. It packages liquid oils, shortenings, margarines and butter blends made from a variety of oils. Mid-Atlantic also packages re-hydrated garlic and other spice products.
“Purchasing Mid-Atlantic’s assets enables Bunge to increase our oil and shortening packaging capacity in the Northeastern corridor, which is the country’s largest edible oil market,” said Rodney Perry, vice president and general manager, Bunge Oils. “Mid-Atlantic’s location also allows Bunge to more effectively serve our existing customers in this region and reach new customers.”
Bunge intends to retain a majority of the employees currently working at the plant including Calvin and Perry Theobald, two founders of Mid-Atlantic.
About Bunge North America
Bunge North America (www.bungenorthamerica.com), the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn dry mills in the U.S., Canada and Mexico.
About Bunge Limited
Bunge Limited (www.Bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge’s over 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.
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