Food Industry
Industry: Email Alert RSS FeedCargill
Food & Drink Weekly, July 12, 2004
Cargill announced that it is selling its Brazilian juice operations, which include four citrus production farms, two processing plants, fruit supply agreements and related assets, to two Brazilian companies, Citrosuco and Cutrale, in separate transactions. The company plans to source Brazilian origin citrus products from Citrosuco and Cutrale, and all the parties have agreed to honor the supply agreements with the fruit suppliers.
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This repositioning will allow Cargill to strengthen and expand its presence in the global market for value added juices and beverages.
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