US firm Cargill sells Romanian vegetable oil business to Frances Sofiproteol.

By bne IntelliNews February 7, 2013
US food and agribusiness company Cargill will sell this year its Romanian vegetable oil business to local firm Expur, controlled by France's Sofiproteol, news agency Agerpres announced. Cargill will close down its production unit located in Podari, southern Romania, and will sell its other assets including the equipment and the vegetable oil brands "Untdelemn de la Bunica" and "Olpo" to Expur. Following the transaction, Cargill will focus on its remaining agribusiness in Romania, including delivery of services and animal fodder production. Cargill took over the vegetable oil plant from local company Topway Industries back in 2004 and boosted the production capacity to 1,200 tonnes of oil [2,800 tonnes of sunflower seed] per day. Expur's production unit located in Urziceni - also in southern Romania, can process 400,000 tonnes of seed per year.

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