US agribusiness giant ADM International has gobbled up UK edible oils and fats maker Pura in a £42m (US$68.6m) deal.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Pura is one of the UK’s largest makers of edible oil, with some 30% of the market. It supplies companies such as Mars as well as many small businesses such as bakeries ad fish and chip shops.
ADM had a 28% stake in Pura prior to the deal and is thought to offer Pura greater security that it enjoyed under the previous management. Founder Ian Hutcheson and his family have gained £11m from the sale to ADM.
Pura shares rose 23p to 108p on the news.
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
