Benecol owner Raisio is to sell its margarine business to US agribusiness giant Bunge.

The Finland-based firm announced the EUR80m (US$108.5m) deal today (14 May) and said it would help the business focus on grain-based products.

“The transaction will bring Raisio a new, significant Benecol partner, who is looking to develop Benecol and functional foods,” said Raisio CEO Matti Rihko.

“The divestment will bring further clarity to Raisio’s focus: the company will concentrate on grain-based products.”

Rihko said Bunge was looking to “leverage its position” in central and northern Europe. He said Raisio would sell margarine products for Bunge in Finland, Sweden and Estonia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Officials at Bunge could not be reached for immediate comment.

Raisio said that, under the terms of the deal, Bunge would take on margarine plants in Finland and Poland, as well as brands including Keiju and Masmix.