M&A

M&A

Cargill acquires edible oil refinery in Nellore, AP for $35-M

Economic Times  

Global food giant Cargill has acquired an edible oil refinery in Nellore in Andhra Pradesh for USD 35 million. Cargill will upgrade the facility and expand its edible oil production capacity and footprint in southern India, and also strengthen its existing supply chain to meet demand. The newly acquired refinery gives Cargill the capability to supply refined palm oil, palm olein, vanaspati (hydrogenated vegetable oil) and sunflower oil. This facility also allows Cargill to produce and package its own edible oil brands for retailers.