Bunge North America, a unit of US agribusiness giant Bunge, has announced that its subsidiary, Bunge Foods Corporation, has sold its private label retail bottled oil business to ACH Food, a subsidiary of Associated British Foods.
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Bunge North America said that, following the transaction, it would continue to supply refined oil products to the foodservice and food processor industries. The transaction is not material to Bunge North America, the Missouri-based company said.
Financial details of the deal were not provided.