Bunge North America has purchased corn dry mill assets and the Ceratex line of specialty products from JR Short Milling Company, to increase its customer base and boost its capacity in the U.S.
The North American arm of Bunge Limited said it hoped the expanded line of products would drive new business, while the acquisition of an additional plant would help the company better serve its customers in the brewing and snacks industries.
The plant in Kankakee, Ill., is in addition to Bunge Milling's three other U.S. plants in Illinois, Kansas and Nebraska.
The Ceratex brand of corn products are pre-gelatinized and processed to deliver specific functions in applications, such as texture or high absorption. They also boast of having no additives, being naturally gluten-free and Kosher/Halal approved.
A spokesperson told FoodNavigator-USA.com: “With the Short acquisition, Bunge purchased a line of specialty products branded Ceratex. These various products are further processed and provide specific functionalities in food products. Bunge did not previously offer these products.
“In addition to the new line of products, the acquisition provides Bunge with additional milling capacity in the eastern half of the United States so that we can more effectively serve this market.”
Source: FoodNavigator-USA.com