top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel News, Women in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

NEWS.png
  • Condensed by Lynda Kiernan-Stone, Unconventional Ag Media
    • Oct 13, 2023
    • 1 min read

Bunge Acquires Brazilian Soy Crusher CJ Selecta for $356.3 million

Bunge Alimentos, a Brazilian unit of Bunge, has acquired a majority of Brazilian soybean crusher CJ Selecta S.A. from South Korean food giant CJ CheilJedang Corp. for an estimated $356.3 million.

CJ CheilJedang - a producer and supplier of vegetable proteins to the animal feed, chemical, and pharmaceutical industries - initially acquired CJ Selecta (originally named Selecta) in 2017, and grew it to post revenue of 1.13 trillion won ($840 million) last year.


The Korean company stated that it plans to boost its bio businesses as part of its long-term growth strategy after its biocompatible polyester materials received U.S. FDA approval for use as food packaging in May 2023, and its subsidiary CJ Bio made an undisclosed investment in Australian biotech company Provectus Algae in March of this year.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image

CONTRIBUTE

Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration: 
lkiernan-stone@highquestgroup.com

bottom of page