Bunge Acquires European Edible Oils Supplier
Bunge has agreed to acquire Westfälische Lebensmittelwerke Lindemann GmbH & Co. KG (Lindemann), a German, family-owned supplier of fats and oils to both industrial and artisanal bakery customers.
Launched in 1902 in Bünde, East Westphalia, Lindemann has grown to become one of the leaders in the European edible oil space, and will help Bunge expand and balance its business to business oil and fat business through the addition of a wider and higher value line of products that will better meet consumer demand. Further, together with the recent acquisition, Walter Rau Neusser, Lindemann will help strengthen Bunge’s position in Northwestern Europe.
Bunge has been very active in the European market in recent months. On March 1, the company finalized the acquisition of Cargill’s soybean and rapeseed crushing and oil refining business along with its discharging operations at the port of Amsterdam, Netherlands, and the acquisition of Cargill’s soybean and rapeseed crushing facility in Brest, France.
The company also created an ocean freight joint venture through its wholly owned subsidiary, Koninklijke Bunge B.V. with Bahri Dry Bulk Co. for the express purpose of creating an ocean freight operation for dry bulk transportation to and from Middle Eastern destinations.