Mane and Cargill have agreed on the sale of Cargill’s compounds business, including a plant in Rubi, Spain.
Mane and Cargill have agreed on the sale of Cargill’s compounds business, including a plant in Rubi, Spain. A part of Cargill’s texturizing portfolio until now, the compounds business has specialized in blends of a wide variety of functional ingredients. It has developed an advanced position in the segment of technology compounds for the meat processing industry in Spain and other large meat markets in Europe.
Mane has a strong position in the meat processing industry in France with its Meat Pro operations and center of excellence. This addition complements and strengthens Mane’s expertise in the domain to become a European leader in the sector. The sale of the compounds business is consistent with Cargill’s texturizing solutions business strategy of sharpening the focus on its core business.
The new entity will operate under the umbrella of Mane Iberica. Terms of the agreement were not disclosed. Closure of the transaction is expected in the next few weeks.