MUMBAI, India and NOIDA,
India, Feb.
10, 2012 /PRNewswire/ -- Bunge India Private Limited, a
wholly owned subsidiary of Bunge Limited (NYSE: BG) ("Bunge India")
and Amrit Banaspati Company Limited ("Amrit Banaspati") today
announced that Bunge has completed the previously announced
acquisition of the edible oils and fats business of Amrit
Banaspati.
Bunge India also completed the acquisition of rights to GAGAN,
the vanaspati brand held by Amrit Corp. Limited.
About Bunge India Private Limited
Bunge India Private Limited, a wholly owned subsidiary of Bunge
Limited (NYSE: BG), originates, refines and markets a wide range of
edible oils and fats to serve the needs of food manufacturers, food
service companies and consumers across India. Its consumer brands in India are DALDA, MASTERLINE and CHAMBAL.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company with approximately 32,000 employees
in more than 30 countries. 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 and corn to make ingredients
used by food companies; and sells fertilizer in North and South
America. Founded in 1818, the company is headquartered in
White Plains, New York.
About Amrit Banaspati Company Limited
Amrit Banaspati, listed on the Bombay stock exchange, is a leading
North India-based edible oils and
fats company with a storied history spanning seven decades.
Its manufacturing plant in the state of Punjab includes equipment
and facilities for refining crude edible oils, palm oil
fractionation, hydrogenation, margarine production and packaging.
Its portfolio of brands in bakery fats, vanaspati and refined oils
includes AMRIT, BANSARI, GINNI, MERRIGOLD and SUNEHRI TEER, among
others. It also manufactures the popular brand of GAGAN vanaspati
under license from its associate company Amrit Corp Limited.
About Amrit Corp. Limited
Amrit Corp, listed on the Bombay stock exchange, is the flagship company
of the Amrit Group and was established in 1940. Its present
businesses consist of a dairy milk business that is engaged in the
food service sector with a unique set of UHT milk products, and a
real estate division. It is also the owner of the brand GAGAN,
which it has licensed to Amrit Banaspati Company Limited.
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.
SOURCE Bunge Limited