News

Sweet deal as Bunge purchases Corn Products

August 7, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

In a move that looks to take advantage of the rising value of corn as a base ingredient for a broad range of food products, White Plains, N.Y-based Bunge Ltd., an agri-business giant involved in fertilizers, edible oils and milled products, acquired Westchester, Ill.-based Corn Products International (CPI) for $4.8 billion. CPI  produces sweeteners, starches and other ingredients from corn and is projected to post $4 billion in revenue this year.

“Combining with Corn Products provides a unique opportunity for Bunge to establish an integrated, global presence in the corn value chain, which is highly complementary to our existing operations,” said Alberto Weisser, Bunge‘s chairman and ceo. “Corn Products is the leading pure-play franchise in corn refining and will add higher-margin starch and sweetener products to Bunge’s product portfolio, expand our operations in important growth markets, and diversify our revenue stream with a solid cash flow business.” According to Bunge, the global market for sweeteners and starches is growing at approximately 5% per year. Bunge’s sales totaled $44.8 billion last year.

Did you enjoy this article? Click here to subscribe to Candy Industry

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

A Venetian Carnival, a Jelly Belly sculpture and gourmet chocolates! Oh my!

Candy Industry takes you into the French Pastry’s School For the Love of Chocolate event in Chicago, held Feb. 25.

Candy Industry Magazine

October cover

October 2014

Lollipops, candy subscriptions, and more await you in the October issue!
Table Of Contents Subscribe

Confectionary Sales

Are you noticing an increase in confectionery sales that would led you to believe the economy is finally coming back?
View Results Poll Archive

Candy Industry Store

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Candy Industry\natural-food-flavors-colora.gif
Natural Food Flavors and Colorants

Although many foods are appealing, and even perceived as natural, in spite of containing synthetic additives, consumer increasingly prefer food products which are fully natural.

More Products

Candy Industry's Kettle Awards

Kettle Awards

Since 1946, Candy Industry magazine has recognized leaders in the U.S. confectionery industry with the highest recognition possible, the Kettle Award. The distinguished recipients have captured this most coveted award by not only excelling within their companies, but by contributing to the greater good of the industry. It’s virtually a who’s who of past and present professionals who have left their mark as confectioners and business mavens. Learn more about the voting process as well as the annual Kettle Awards Ceremony by visiting our Kettle Awards Website

STAY CONNECTED

fb40   twitter 40    youtube40    linked   Google+

Clear Seas Research

Clear SeasWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.