Cargill has completed the acquisition of Zamanita Ltd, the
soybean crushing and oil refining subsidiary of Zambeef. Zamanita now becomes
an integral part of Cargill’s business in Zambia.
As part of the deal, Cargill has acquired all of Zamanita’s
assets, including the Mama’s oil and Zamanita oil brands. Cargill will continue
to provide customers the high quality oil under these existing oil brands and
Cargill’s experienced commercial team will work to ensure customers experience
business as usual and have no interruptions of supply.
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| Image: United Soybean Board |
Welcoming Zamanita’s 310 employees to Cargill, Lezanne van
Zyl, General Manager of Cargill in Zambia said, “Cargill will immediately start
an extensive investment programme at the crush and refinery site in Lusaka,
where upgrades will be made to machinery, tools and operational processes.
"Building on Zamanita’s existing strengths, we intend to
bring this plant up to the high standards of quality, environmental health and
safety that is associated with our company around the world. We will optimize
the efficiency of the operation that will bring benefits to our customers in
the food and feed sectors.”
“Acquiring this business is a strong indicator of Cargill’s
intention to grow our business in Zambia,” added Johan Steyn, head of Cargill’s
grain and oilseeds business in the Middle East and Africa.
“We see excellent potential in the country’s agricultural
sector and this investment is aligned with Cargill’s strategy to develop our
offering to farmers. For many years we have focussed on working with small
scale farmers in Zambia, enabling them to diversify into the cultivation of
cash crops. Investing in soybean processing further enables Cargill to provide
both small scale and commercial farmers with market access for their products.
Our feed customers will also benefit from a high and consistent soybean meal
quality, building on our worldwide experience as a leading soybean meal
producer.”
Visit the Cargill site HERE.
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT
which is published by Perendale Publishers Limited.
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