Bunge
North America, the North American operating arm of Bunge Limited, recently announced
that it has purchased Minsa Corporation, a wholly-owned US subsidiary of Grupo
Minsa S.A.B. de C.V., valued at $75 million.
The acquisition includes corn flour mills in Red Oak, Iowa and Muleshoe, Texas. Corn masa, the primary ingredient for tortillas, tortilla chips, and other foods, is a key growth category in packaged food and food service channels, with sales projected to steadily increase.
“This acquisition is an important strategic step to strengthen our Food & Ingredients
business in the US, and could provide additional growth opportunities for the
company’s other regions,” said Todd Bastean, president Bunge North America.
“These assets, together with our existing plant in Worthington, Indiana, make
Bunge a leading US producer of corn masa, a product that is experiencing
significant growth not only here, but around the globe.”
The acquisition creates scale in Bunge’s masa milling capacity and brings additional products and capabilities including specialty products such as organic and non-GMO masa and on-trend colours such as blue and red corn.
In addition to traditional bulk, tote and 50 pound bags used by food manufacturers and food service customers, both the Iowa and Texas locations can produce one kilo/2.2 pound packages commonly sold by retailers under their own store brands.
“With additional locations throughout the US, we will be better able to provide customers with a high-quality, reliable supply of products nationwide,” said Daniel Maldonado, managing director, Bunge Milling. “We look forward to partnering with customers to help build their brands and using our strong innovation capabilities to further support them in meeting evolving consumer needs with an on-trend portfolio.”
In addition to a full line of masa products, Bunge’s portfolio of shortenings and oils makes it the only major supplier of all key ingredients used to manufacture tortillas and related products.
For more information about Bunge’s product offerings, visit the Bunge website, HERE. .
The acquisition includes corn flour mills in Red Oak, Iowa and Muleshoe, Texas. Corn masa, the primary ingredient for tortillas, tortilla chips, and other foods, is a key growth category in packaged food and food service channels, with sales projected to steadily increase.
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| Image credit: Phil Roeder on Flickr (CC BY 2.0) |
The acquisition creates scale in Bunge’s masa milling capacity and brings additional products and capabilities including specialty products such as organic and non-GMO masa and on-trend colours such as blue and red corn.
In addition to traditional bulk, tote and 50 pound bags used by food manufacturers and food service customers, both the Iowa and Texas locations can produce one kilo/2.2 pound packages commonly sold by retailers under their own store brands.
“With additional locations throughout the US, we will be better able to provide customers with a high-quality, reliable supply of products nationwide,” said Daniel Maldonado, managing director, Bunge Milling. “We look forward to partnering with customers to help build their brands and using our strong innovation capabilities to further support them in meeting evolving consumer needs with an on-trend portfolio.”
In addition to a full line of masa products, Bunge’s portfolio of shortenings and oils makes it the only major supplier of all key ingredients used to manufacture tortillas and related products.
For more information about Bunge’s product offerings, visit the Bunge website, HERE. .
The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
For additional daily news from milling around the world: global-milling.com
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