In a deal that will effect the future of agriculture, food security, and sustainable global supply chains, Bunge has announced its official closing to merge with Viterra.
The company says this new merged business brings strategic benefits in a transformative business combination.
“This transformation creates new opportunities across our supply chains, building the premier agribusiness solutions company for the 21st Century,” says Greg Heckman, Bunge’s Chief Executive Officer. “As a global agribusiness leader, we have more capabilities to sustainably meet the demands of complex markets, providing exceptional products and services to customers at both ends of the value chain, farmers and end consumers.”
In its announcement the company points benefits strategically and financially for the new company:
- connect farmers in the production regions to the fastest-growing consumption areas.
- meeting demand in complex market environments
- joining together top tier business and management teams
- network synergies to include joint commercial opportunities, vertical integration efficiencies, and improved logistics optimization
