ST. LOUIS — Bunge North America will secure a controlling financial interest in Grupo Minsa S.A.B. de C.V. since it has reached a subscription agreement to invest in the company, a corn flour producer.
Bunge will take management control of four mills in Mexico and two mills in the United States. The six mills have a combined annual processing capacity of 700,000 tonnes and produce a portfolio of corn flours and premixes for tortillas and other goods.
The investment allows Bunge to enter the corn masa market in Mexico. Bunge entered the U.S. corn masa market in 2014 by purchasing a mill in Worthington, Ind.
|Todd Bastean, c.e.o. of Bunge North America|