WHITE PLAINS, N.Y. and
MANILA, Philippines, Sept. 30, 2016 /PRNewswire/
-- Bunge Agribusiness Singapore Pte Ltd., a wholly owned
subsidiary of Bunge Limited (NYSE: BG) ("Bunge"), and Oleo-Fats,
Inc., a wholly owned subsidiary of D&L Industries (PSE: DNL)
("OFI"), have entered into distribution agreements for the
foodservice, retail and food processor industries in the
Asia-Pacific region.
OFI will become Bunge's exclusive commercial partner to import,
market, sell and distribute packaged softseed oils into
Philippines. Bunge will become
OFI's exclusive commercial partner to export, market, sell and
distribute coconut oil under its Farm Origin brand into countries
in the Asia-Pacific region.
"We're delighted to have OFI as our distribution partner," said
Aaron Buettner, Global Head of Oils,
Bunge Limited. "By leveraging OFI's capabilities in Philippines and their relationships with
customers including quick service restaurant chains, snack food
manufacturers, biscuit and confectionery manufacturers, industrial
bakeries, and hotels, restaurants and caterers, Bunge will be able
to fully participate in an important and growing destination
market. We also look forward to being able to provide coconut oil
supplied by OFI as part of our Farm Origin portfolio. This is a
premium oil that fits well with our other offerings for retail and
foodservice in the Asia-Pacific
region."
"Partnering with Bunge, the world's largest oilseed processor,
gives us an even broader range of products to serve customers in
Philippines and strengthens our
position as a supplier of choice to our country's fast-growing
foodservice industry," said Vincent
Lao, Managing Director, Oleo-Fats, Inc. "We're also seeking
to grow by adding coconut oil to Bunge's Farm Origin brand. By
leveraging Bunge's logistics and capable commercial and marketing
teams, we'll be able to participate in broader regional growth as
well."
About Bunge Limited
Bunge Limited (www.bunge.com,
NYSE: BG) is a leading global agribusiness and food company
operating in over 40 countries with approximately 35,000 employees.
Bunge buys, sells, stores and transports oilseeds and grains to
serve customers worldwide; processes oilseeds to make protein meal
for animal feed and edible oil products for commercial customers
and consumers; produces sugar and ethanol from sugarcane; mills
wheat, corn and rice to make ingredients used by food companies;
and sells fertilizer in South
America. Founded in 1818, the company is headquartered in
White Plains, New York.
About D&L Industries
D&L Industries is a
Filipino company engaged in product customization and
specialization for the food, plastics, and aerosol industries. The
company's principal business activities include manufacturing of
customized food ingredients, specialty raw materials for plastics,
and oleochemicals for personal and home care use. Established in
1963, D&L has the largest market share in each of the
industries it serves, as well as longstanding customer
relationships with the
Philippines' leading consumer and chemical companies. It was
listed on the Philippine Stock Exchange in December 2012. For more information, please visit
www.dnl.com.ph.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and
forward-looking statements. All statements, other than statements
of historical fact are, or may be deemed to be, forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are not based
on historical facts, but rather reflect our current expectations
and projections about our future results, performance, prospects
and opportunities. We have tried to identify these forward-looking
statements by using words including "may," "will," "should,"
"could," "expect," "anticipate," "believe," "plan," "intend,"
"estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks,
uncertainties and other factors that could cause our actual
results, performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. The following important factors, among
others, could affect our business and financial performance:
industry conditions, including fluctuations in supply, demand and
prices for agricultural commodities and other raw materials and
products used in our business; fluctuations in energy and freight
costs and competitive developments in our industries; the effects
of weather conditions and the outbreak of crop and animal disease
on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health
conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from
acquisitions, dispositions, joint ventures and strategic alliances;
our ability to achieve the efficiencies, savings and other benefits
anticipated from our cost reduction, margin improvement and other
business optimization initiatives; changes in government policies,
laws and regulations affecting our business, including agricultural
and trade policies, tax regulations and biofuels legislation; and
other factors affecting our business generally. The forward-looking
statements included in this release are made only as of the date of
this release, and except as otherwise required by federal
securities law, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events
or circumstances.
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SOURCE Bunge Limited