Bunge sells North America corn milling unit

focus on its core oilseeds processing and plant-based oils business. In April, Bunge said it had entered into definitive agreements to sell the milling businesses to Grain Craft for $450 million; however, the identity of the buyer has not been revealed. The sale includes facilities producing dry milled corn products and corn masa flour, which are commonly used in cereals, snack foods, tortillas and other consumer packaged goods. The transaction includes Bunge facilities in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico. Bunge’s exit from corn milling in North America comes as food manufacturers face ongoing pressure to optimise supply chains and adapt to shifting consumer preferences, including demand for simpler ingredients and more sustainable sourcing. The company, headquartered in St. Louis, Missouri, and registered in Geneva, Switzerland, employs around 23,000 people across approximately 300 ...