Food In Canada

Bunge and Viterra to merge 

By Food in Canada Staff   

Business Operations Grain & Oilseed Milling Ingredients & Additives Bunge Editor pick Viterra

Bunge will merge with Viterra in a stock and cash transaction.

The merger augments Bunge’s existing footprint with significant grain and softseed handling capacity, while expanding origination capabilities in regions and crops where Bunge is underrepresented.

The combination is expected to generate approximately $250 million of annual gross pre-tax operational synergies within three years of completion.

Greg Heckman, Bunge’s CEO, said, “The combination of Bunge and Viterra significantly accelerates Bunge’s strategy, building on our fundamental purpose to connect farmers to consumers to deliver essential food, feed and fuel to the world. Our highly complementary asset footprints will create a network that connects the world’s largest production regions to areas of fastest growing consumption, enhancing the geographical balance and adaptability of our global value chains and benefitting farmers and end-customers. With a diversified global mix of earnings across processing, handling and merchandising, and value-added products, we will increase the resiliency of our cash flow generation.”


David Mattiske, Viterra’s CEO, added, “Viterra and Bunge are two leading agriculture businesses. In combining our highly complementary origination, processing and distribution networks, we are better positioned to meet the increasing demand for the food, feed and fuel products we offer. Together, we will play a leading role in the future of the agriculture industry, developing fully traceable, sustainable supply chains and moving toward carbon-neutral operations, while creating a strong growth platform for our combined business.”

The combined company will be led by Heckman and John Neppl, Bunge’s CFO. Mattiske will join the Bunge’s executive leadership team in the role of co-chief operating officer.

The combined company will operate as Bunge with operational headquarters in St. Louis, Mis. The merger is expected to close in mid-2024.

Print this page


Stories continue below