Galicia advised Bunge North America on the deal
Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), finalized the acquisition of Minsa Corporation, a wholly-owned U.S. subsidiary of Grupo Minsa S.A.B. de C.V., valued at $75 million. The acquisition includes corn flour mills in Red Oak, Iowa and Muleshoe, Texas.
Corn masa, the primary ingredient for tortillas, tortilla chips, and other foods, is a key growth category in packaged food and food service channels, with sales projected to steadily increase.
The acquisition creates scale in Bunge’s masa milling capacity and brings additional products and capabilities including specialty products such as organic and non-GMO masa and on-trend colors such as blue and red corn. In addition to traditional bulk, tote and 50 pound bags used by food manufacturers and food service customers, both the Iowa and Texas locations can produce one kilo/2.2 pound packages commonly sold by retailers under their own store brands.
Bunge North America is the North American operating arm of Bunge Limited a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees.
Galicia Abogados advised Bunge North America with Christian Lippert (Picture), Ricardo García, Agustín Quintanilla and Fernando Weihmann.
Law Firms: Galicia Abogados, S.C;
Clients: Bunge North America;