The new commitment aims to bolster Bangladesh’s feed and food industries by ensuring a reliable, high-quality soy supply for poultry, aquaculture, and edible oil production.
The acquisition involves only the facility itself; it does not include any of IFF’s commercial business, product lines, or employees.
The transactions are part of a divestiture commitment Bunge made with the government of Canada to receive regulatory approval for its merger with Viterra.
The deal, signed on November 4, covers the construction of factory buildings, warehouses, and supporting infrastructure for the project.
This deal is expected to boost Ne-Mo’s ability to innovate and grow while preserving the brand’s commitment to quality and taste.