ST. LOUIS, April 24 /PRNewswire-FirstCall/ -- Bunge North America, the North American operating arm of Bunge Limited , announced that it has purchased the assets of Mid-Atlantic Vegetable Shortening, Inc. in Kearny, N.J.
Mid-Atlantic is an edible oil packaging business that services bakery, food processor and foodservice customers in the Northeastern United States. It packages liquid oils, shortenings, margarines and butter blends made from a variety of oils. Mid-Atlantic also packages re-hydrated garlic and other spice products.
"Purchasing Mid-Atlantic's assets enables Bunge to increase our oil and shortening packaging capacity in the Northeastern corridor, which is the country's largest edible oil market," said Rodney Perry, vice president and general manager, Bunge Oils. "Mid-Atlantic's location also allows Bunge to more effectively serve our existing customers in this region and reach new customers."
Bunge intends to retain a majority of the employees currently working at the plant including Calvin and Perry Theobald, two founders of Mid-Atlantic.
About Bunge North America
Bunge North America (http://www.bungenorthamerica.com/), the North American operating arm of Bunge Limited , is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn dry mills in the U.S., Canada and Mexico.
About Bunge Limited
Bunge Limited (http://www.bunge.com/, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's over 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.
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," "expect," "anticipate," "believe," "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, as well as those of the markets we serve or intend to serve, 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: our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances; estimated demand for the commodities and other products that we sell and use in our business; industry conditions, including the cyclicality of the agribusiness industry and unpredictability of the weather; agricultural, economic and political conditions in the primary markets where we operate; and other economic, business, competitive and/or regulatory 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 circumstance.
Bunge North America
CONTACT: Public Affairs, Telephone: +1-314-292-2000, or Fax:
+1-314-292-2521
Web Site: http://www.bungenorthamerica.com/
