Glencore reportedly looking to sell Minnesota-based Dakota Growers Pasta business, the third-largest pasta maker in US, as it continues to divest assets acquired from its purchase of Viterra last year; sale could be valued at between US$300M-US$400M
July 9, 2013
– According to three people with knowledge of the process, Glencore Xstrata PLC is looking to sell its Minnesota-based Dakota Growers Pasta Co. business as it continues to divest assets acquired from its purchase of Canadian grain handler Viterra Inc. last year, Thomson Reuters reported July 9.
The sources said Glencore is working with Barclays PLC to sell Dakota Growers in a deal which could value the nation's third-largest pasta maker at between US$300 million and $400 million.
Glencore and Barclays could not be immediately reached for comment.
The primary source of this article is Thomson Reuters, London, England, on July 9, 2013.