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Wilmar secures all approvals for $4.3 billion merger and acquisitions
10 July 2007
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Wilmar International said it has obtained shareholders’ approval for the acquisition of the edible oils, oilseeds, grains and related businesses of its parent company, Wilmar Holdings. The acquisition will make it the world’s largest processor and merchandiser of palm and lauric oils, and manufacturer of palm biodiesel.
The company said the enlarged group will be able to leverage on the growth potential of palm oil globally and agricultural commodities in Asia, especially China and India.
The company said it will also be expanding its flour milling, rice milling and grains merchandising businesses in China. In Europe, it will operate the largest edible oils refinery in Ukraine and another in the Netherlands, while its refinery in Germany is still under construction.
The company said the enlarged group will be able to leverage on the growth potential of palm oil globally and agricultural commodities in Asia, especially China and India.
The company said it will also be expanding its flour milling, rice milling and grains merchandising businesses in China. In Europe, it will operate the largest edible oils refinery in Ukraine and another in the Netherlands, while its refinery in Germany is still under construction.
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