Bunge subsidiary Bunge India completes acquisition of India-based Amrit Banaspati's edible oils, fats business
MUMBAI and NOIDA, India
February 10, 2012
– Bunge India Private Limited, a wholly owned subsidiary of Bunge Limited (NYSE: BG) ("Bunge India") and Amrit Banaspati Company Limited ("Amrit Banaspati") today announced that Bunge has completed the previously announced acquisition of the edible oils and fats business of Amrit Banaspati.
Bunge India also completed the acquisition of rights to GAGAN, the vanaspati brand held by Amrit Corp. Limited.
About Bunge India Private Limited
Bunge India Private Limited, a wholly owned subsidiary of Bunge Limited (NYSE: BG), originates, refines and markets a wide range of edible oils and fats to serve the needs of food manufacturers, food service companies and consumers across India. Its consumer brands in India are DALDA, MASTERLINE and CHAMBAL.
About Bunge Limited
Bunge Limited is a leading global agribusiness and food company with approximately 32,000 employees in more than 30 countries. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat and corn to make ingredients used by food companies; and sells fertilizer in North and South America. Founded in 1818, the company is headquartered in White Plains, New York.
About Amrit Banaspati Company Limited
Amrit Banaspati, listed on the Bombay stock exchange, is a leading North India-based edible oils and fats company with a storied history spanning seven decades. Its manufacturing plant in the state of Punjab includes equipment and facilities for refining crude edible oils, palm oil fractionation, hydrogenation, margarine production and packaging. Its portfolio of brands in bakery fats, vanaspati and refined oils includes AMRIT, BANSARI, GINNI, MERRIGOLD and SUNEHRI TEER, among others. It also manufactures the popular brand of GAGAN vanaspati under license from its associate company Amrit Corp Limited.
About Amrit Corp. Limited
Amrit Corp, listed on the Bombay stock exchange, is the flagship company of the Amrit Group and was established in 1940. Its present businesses consist of a dairy milk business that is engaged in the food service sector with a unique set of UHT milk products, and a real estate division. It is also the owner of the brand GAGAN, which it has licensed to Amrit Banaspati Company Limited.