Bunge Limited has entered into an agreement to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos S.A. The transaction includes three production plants and all brands under the margarine and mayonnaise products.
"This transaction further streamlines our operations in Brazil around our core capabilities, while providing good value for a solid business. It also represents another incremental step in executing a key priority of optimizing our overall portfolio," said Greg Heckman, Bunge's CEO, in a statement.
Related: Nestlé Sells Majority Stake in Herta Business; Jelly Belly Acquires Gimball Brothers Assets.
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Bunge Sells Margarine and Mayonnaise Business
![Bunge Sells Margarine and Mayonnaise Business]()
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December 23, 2019
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