St. Louis, MO — Bunge Limited has agreed to sell its seven Mexico wheat mills to Grupo Trimex, Bunge said in an Oct. 13 news release.
The completion of the sale is subject to customary closing conditions, including regulatory approval.
“Bunge is most effective when we operate our value chains end-to-end, collaborating closely with our farmers and customers," said Bunge CEO Greg Heckman.
"The wheat milling business in Mexico is not fully integrated in the way that is critical to successfully serving our customers in line with our long-term sustainable and strategic goals.”
"We believe selling the business to a well-respected wheat miller will provide a great opportunity for our employees as well as our customers.”
Bunge will continue to serve its oil and meal customers in Mexico and will continue to operate its corn mill in Querétaro.