Bunge sells North America corn milling unit

Global agribusiness giant Bunge has completed the sale of its North America dry corn and corn masa milling business, the company announced 1 July 2025 as it continues to streamline operations ahead of its planned merger with Canadian grain handler Viterra.

The divestiture, first announced earlier this year, is part of Bunge’s broader strategy to focus on its core oilseeds processing and plant-based oils business.

In April, Bunge said it had entered into definitive agreements to sell the milling businesses to Grain Craft for $450 million; however, the identity of the buyer has not been revealed.

The sale includes facilities producing dry milled corn products and corn masa flour, which are commonly used in cereals, snack foods, tortillas and other consumer packaged goods. The transaction includes Bunge facilities in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico.

Bunge’s exit from corn milling in North America comes as food manufacturers face ongoing pressure to optimise supply chains and adapt to shifting consumer preferences, including demand for simpler ingredients and more sustainable sourcing.

The company, headquartered in St. Louis, Missouri, and registered in Geneva, Switzerland, employs around 23,000 people across approximately 300 facilities in over 40 countries.

Bunge is in the final stages of securing regulatory approval for its $8.2 billion merger with Viterra, a deal that would create one of the world’s largest agribusinesses, rivalling Archer Daniels Midland and Cargill. Analysts have said the divestment could help address potential antitrust concerns linked to overlapping assets between the two firms.

Financial details of the transaction were not disclosed.

Tags: Bunge, oilseeds, dry corn, corn masa, milling businesses