Bunge plans to divest North America corn milling operations

Grain Craft has agreed to acquire Bunge Global's North American dry corn and corn masa milling operations, marking a significant strategic move for both companies. The transaction includes facilities located in several U.S. states and Mexico, allowing Grain Craft to expand its presence in the milling industry. Bunge's decision to divest is part of its strategy to focus on core operations and optimize its business portfolio. The deal is contingent on regulatory approvals and customary closing conditions, with financial terms not disclosed. Analysts project potential upside for Bunge's stock as the company streamlines its operations. This acquisition aligns with Grain Craft's goal of enhancing its product offerings and service capabilities in the food ingredients sector.