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Bunge strengthens European customer offerings with acquisition of edible oils producer.

Date

21 Apr 2016

Sections

Innovation & Enterprise
Trade & Society

Bunge Deutschland GMBH, a subsidiary of Bunge Limited (NYSE: BG) (“Bunge”), announced that it has agreed to buy a controlling interest in Walter Rau Neusser Öl und Fett AG (“WRAG”) from the Cremer Group, a German holding company.  The agreement to purchase all shares held by the Cremer Group will result in Bunge ownership of 62.8% of WRAG. The deal is expected to close in the coming months and is subject to customary closing conditions. Financial terms were not disclosed.

From its facility in Neuss, Germany, WRAG produces edible oils and fats products from oilseeds such as rapeseed and sunflower seed. WRAG creates tailor-made products with specific functional properties to meet the needs of industrial food processors and foodservice operators.

Tommy Jensen, Bunge EMEA CEO said: “The acquisition expands our product offerings while leveraging our extensive knowledge and geographic reach in oilseed crushing and refining. Food processors and food service companies around the world rely on Bunge for oil and fats solutions, and we are excited to combine WRAG’s B2B capabilities and Bunge’s network to continue to grow our business in Europe and globally.”

William Dujardin, Bunge EMEA VP Food & Ingredients added: “WRAG is well-recognized by its customers as a food expert with a strong entrepreneurial culture. We welcome the opportunity to work with WRAG’s employees to build on that foundation and continue to develop deeper customer relationships based on reliable and innovative products.”

 

Media enquiries and more information to

H. Rieux

+41225929707

henri.rieux@bunge.com

About Bunge Limited

Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America.  Founded in 1818, the company is headquartered in White Plains, New York.

About Walter Rau Neusser Öl und Fett AG

Walter Rau Neusser öl und Fett AG is a processor of vegetable oils.  The company produces high-grade functional oils and fats with a particular focus on innovative food application.  These products are distributed through Europe primarily to the Food processors and Food Service industry.  Employing about 200 professionals, Walter Rau Neusseur operates one production facility in Neuss, Germany

Cautionary Statement Concerning Forward-Looking Statements

This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

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