Bunge North America, the North American operating arm of Bunge Ltd. announced it has agreed to buy the wheat milling business of Grupo Altex SA de CV in Mexico for an undisclosed amount. Grupo operates six mills with an annual processing capacity of approximately 800,000 metric tons. In addition to the mills Bunge is also acquiring Grupo Altex’s brands and its innovation center. The purchase by Bunge is a move to leverage the company’s wheat originating capacity in North America with the milling capacity acquired in Mexico to create an efficient, reliable supply chain. The purchase is expected to close by the end of the year subject to regulatory approval.
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