US: Cargill in talks to sell cultures, enzymes unit to DSM
Cargill said the talks "may or may not" result in the sale of the cultures and enzymes operation
Cargill has confirmed it is in "exclusive discussions" to sell global cultures and enzymes business to Dutch ingredients giant DSM.
The US-based agricultural commodities group said the talks "may or may not" result in the sale of the cultures and enzymes operation which forms part of its global texturising business and has production facilities in Wisconsin and La Ferte-Sous-Jouarre (France). It produces cultures and enzymes for the dairy and meat industries and employs around 200 people.
Cargill said "both companies are now engaging in the information and consultation process with employee representative bodies in the relevant countries to seek their input".
Cargill's move to seek a buyer for the business is in line with its strategy to focus its texturising business on product lines that are closer to its core activities and where it can be a "leading or relevant player in the marketplace".
ConAgra Foods, Cargill and CHS are to form a joint venture combining their flour milling capabilities in the US....
US agribusiness giant Cargill has settled a long-running dispute with the Mexican government over trade barriers erected against high-fructose corn syrup....
Agri-giant Bunge has announced chief executive Alberto Weisser plans to retire at the beginning of June, to be replaced by the CEO of its North American arm Soren Schroder....
- General Mills US "priority" categories gain share
- Interview part 2: BRF CFO Augusto Ribeiro
- 2015 preview: A better deal for M&A sellers
- Interview part 1: BRF CFO Augusto Ribeiro
- Interview: How BRF plans growth in stagnant Europe
- General Mills earnings drop one-third
- Kraft to reappraise business, says new CEO Cahill
- PepsiCo opens snacks plant in Saudi Arabia
- Pork Farms "disappointed" over Kerry deal ruling
- Bimbo to buy Saputo's bakery arm