WORLD NEWS

The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.

The deal expands Cargill’s grain handling network in Western Canada as the company continues to invest in its global food and agriculture business.

The update forms part of Barilla’s broader sustainability strategy, which seeks to integrate environmentally responsible farming methods while securing a reliable supply of high-quality raw materials for its pasta, bakery, and snack products.

The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.

The new strategic collaboration will deliver food safety resources by developing a first-of-its-kind Bakery Playbook series on Food Safety.