Agribusiness giant Wilmar International has invested in US ingredients firm Blue Pacific Flavors.
Terms of the deal, announced yesterday (2 February) were not disclosed.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, Blue Pacific said it will maintain all domestic production of flavours and ingredients for its US customers from its headquarters, manufacturing facility and R&D centre in California. It will also continue all global operations including its facilities in China, Malaysia, South Korea and the Philippines.
Donald Wilkes remains unchanged in his role as CEO and chairman of Blue Pacific’s board of directors. Wilmar’s chairman and CEO Kuok Khoon Hong and chief scientific advisor Professor Chua Nam-Hai, however, will join the Blue Pacific board.
Wilmar’s business activities include oil palm cultivation, oilseeds crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemicals, biodiesel and fertilisers manufacturing and grains processing. The company has around 300 manufacturing plants and a distribution network throughout China, India, Indonesia and 50 other countries.
“Wilmar’s supply chain enables us to expand our capabilities and distribution in whole fruit and grain based food flavouring and natural food ingredients,” Wilkes said. “The dynamics of this partnership will exponentially grow our Chinese and south-east Asian manufacturing footprint and distribution to a wide range of new customers, while also supporting our North America business and core customer base.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
