This news follows earlier announcements from both companies that they were in exclusive discussions. The transaction which is subject to regulatory approval is expected to be completed in the next few months.
This sale is in line with Cargill’s strategy to re-focus its texturising business and concentrate on product lines that are adjacent to the company’s core activities and where it can be a leading or relevant player in the marketplace, the company said.
Source: Cargill
© FoodBev Media Ltd 2024