Bunge to pay $108.5 million for margarine business
Bunge Ltd., the White Plains agribusiness giant, agreed to pay $108.5 million to buy the margarine business of Raisio Oyj, an agricultural and food products company based in Finland. The sale, subject to regulatory approval, includes margarine plants in Finland and Poland. Bunge will also gain control of several brands, including Keiju, Makuisa, Masmix and Pyszny Duet. About 330 of Raisio’s Finnish and Polish employees will be transfer to Bunge.