Cargill to acquire major soybean processing plant in Brazil

oil and refined oil (bulk and bottled) under the Liza brand. Financial terms of the deal were not disclosed. “We are very pleased with the acquisition of the Barreiras facility,” said Paulo Sousa, president of Cargill’s Brazil and Latin America agricultural business. “This initiative is consistent with our growth strategy and strengthens our operations in the region, allowing us to continue investing in serving both our domestic and global soybean meal customers.” According to Cargill, over the past five years, the company has invested R$8.1 billion (US$1.5 billion) in its operations in Brazil, which include 29 factories, 75 warehouses, seven port terminals, two innovative breeding centers, a service center, five distribution centers, 14 commercial offices and four corporate control centers. In May, Cargill won the auction for a 35-year lease of the port terminal in Paranaguá with a winning bid of US$72.4 million. In February, the company acquired the remaining 50% of SJC ...