Bunge purchases mills in Brazil

By | February 09, 2010
Bunge Ltd. entered into an agreement to purchase a Brazilian-based holding company, Usina Moema Participacoes S.A. (Moema Par), which has one wholly owned sugarcane mill and ownership interest in five additional mills. The six mills have a combined crushing capacity of 15.4 million metric tons, according to Bunge. When finalized, Bunge will own a 60 percent share of Moema Par's total capacity. The mills produce both raw and crystallized sugar as well as hydrous and anhydrous ethanol.