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Featured moment: Ceval

In 1997, Bunge acquired Ceval, a leading soybean processor and producer of soy meal and oils in Brazil that was responsible for 2% of all Brazilian exports at the time. This acquisition made Bunge the largest agribusiness company in Brazil, operating 48 industrial units that produced an array of consumer products including margarine, edible oils and fats. Exame, the leading business magazine of Brazil, called the transaction "the largest acquisition of the year outside the...Read more

In 1997, Bunge acquired Ceval, a leading soybean processor and producer of soy meal and oils in Brazil that was responsible for 2% of all Brazilian exports at the time. This acquisition made Bunge the largest agribusiness company in Brazil, operating 48 industrial units that produced an array of consumer products including margarine, edible oils and fats. Exame, the leading business magazine of Brazil, called the transaction "the largest acquisition of the year outside the financial sector."

With Ceval, Bunge became the world's fifth largest processor of soybean meal, and in Brazil, the national leader in agribusiness, vegetable oils and margarine.

In 2000, Bunge merged the operations of its soy processing subsidiary, Santista Alimentos, with Ceval’s, and began operating the combined entity under the name Bunge Alimentos.

Today, those operations are now part of Bunge’s global Food & Ingredients business in Brazil, selling grains and producing oils, margarines, mayonnaises, wheat flour and ready-mixed products for the food industry and bakeries as well as ingredients for animal feed.

Featured moments archive

Timeline

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  • Johann Peter Gottlieb Bunge founds Bunge & Co. in Amsterdam, The Netherlands, as an import-export trading business.

  • Bunge relocates to Antwerp, Belgium, and starts business with Asia and Africa, becoming one of the world's leading commodities traders.

  • Johann Bunge's grandson, Ernest, and his brother-in-law Jorge Born, launch a grain trading company, Bunge y Born, in the burgeoning agribusiness market of Argentina.

  • Bunge y Born establishes Centenera in Argentina, the company's first food processing plant.

  • In the 1900s, Bunge y Born founds various companies including Compañía Industrial de Bolsas (cereal bags manufacturer), La Fabril (cotton seed processor), Alba (paint manufacturer), Compañía Química (chemical and fertilizer maker) and Grafa (textile maker), among others.

     

  • Bunge y Born builds Molinos Río de la Plata, one of the largest wheat mills in Argentina.

  • Bunge begins operations in Brazil by incorporating Moinho Santista Indústrias Gerais wheat mill in Santos, Brazil.

  • Bunge acquires Fluminense wheat mill in Rio de Janeiro, Brazil. In 2014, Bunge announces it will begin to rebuild and redevelop it.

  • Bunge begins trading in North America, using a New York-based agent.

  • In the early 1920s, Edouard Bunge modernizes the Bunge Group by converting what had become a constellation of firms into seven new limited companies in seven different countries, each with its own management.

  • Bunge North American Grain Corporation, founded in New York City, begins to trade raw agricultural commodities.

  • Bunge founds SANBRA (Sociedade Algodoeira do Nordeste Brasileiro), its first oilseed processing company in Brazil.

  • Bunge y Born inaugurates its Buenos Aires headquarters.

  • Bunge launches Salada cottonseed oil, the first vegetable oil (other than olive oil) in Brazil.  

  • Bunge makes its first export shipment from Brazil – a cargo of cotton to Europe.

  • Bunge purchases its first sizable grain facility, Midway, adjacent to a rail terminal in Minneapolis, Minnesota, U.S., adding physical facilities to its grain trading capabilities. 

  • Bunge enters the Brazilian fertilizer market and becomes both a supplier to, and customer of, farmers.

  • Bunge acquires grain elevators in the upper Midwest and Kansas in the U.S.

  • Bunge creates Fertimport, a Brazilian company that manages raw material shipments.

  • In commemoration of its 50th anniversary in Brazil, Bunge creates the Moinho Santista Foundation, today called Bunge Foundation – a non-profit entity with the objective of contributing to sustainable development through initiatives that enhance the advancement of science, education and natural resources conservancy.

  • Bunge launches its first soybean oil brand in Brazil: Primor.

  • The Porto Corsini crushing plant is built in Ravenna, Italy.

  • Bunge launches Delícia margarine, the first chilled margarine in Brazil.

  • In the 1960s, as soybean production moves into the old Cotton Belt south of St. Louis, Missouri in the U.S., Bunge builds its River Grain Region of origination elevators on the Mississippi River and its tributaries, in order to source volume from farmers and ship it economically by barge for export from the Gulf of Mexico.

  • Bunge opens the largest export grain-handling elevator of its kind on the Mississippi River in Destrehan, Louisiana, U.S.

  • Bunge expands in Destrehan, Louisiana, U.S. by building its first U.S. soybean processing plant (and the only one at the time) in the Port of South Louisiana.

  • Bunge de-emphasizes pure trading, focusing on investments in capital assets in the Americas, exporting “FOB Vessel” and closing most trading offices in Europe and Asia.

  • The Bunge Group moves its headquarters to São Paulo, Brazil.

  • Bunge acquires Lauhoff Grain Company in the U.S., becoming the world´s largest corn dry miller and marking Bunge’s entry into the value-added food ingredient business on the milling side.

  • Bunge acquires three edible oil refineries in the U.S. (Bradley, Illinois; Chattanooga Tennessee; Fort Worth, Texas), entering the value-added and packaging business in oils. 

  • Bunge launches a refinery at Porto Corsini in Italy.

  • Bunge launches a bottling facility in Porto Corsini in Italy.

  • Bunge North America moves its headquarters from New York City to St. Louis, Missouri, U.S.

  • Following 175 years of family management, the Bunge Group determines that its founding families should participate as members of a board of directors, and that operational activities should be turned over to non-family professional management.

  • Bunge launches Delícia Light margarine – the first in the Brazilian market with 50% fewer calories.

  • Bunge y Born converts to the Bermuda-registered Bunge International Limited with headquarters in São Paulo in 1994, retaining the Bunge y Born name only in Argentina.

  • Following a fundamental strategic decision to focus on agribusiness and food (and exit unrelated areas), the company’s Oilseed Task Force sets direction to re-establish Bunge as a major global player by increasing investment in North American oilseed crushing, acquiring crushing capacity on the Paraná  River in Argentina, leading rationalization and consolidation of the Brazilian crushing industry, and acquiring or creating a destination marketing capacity to extend the value chain from the export origins into the major import markets.

  • Bunge invests in Harinera La Espiga in Mexico City, the largest wheat mill in the Spanish-speaking Americas.

  • Bunge acquires Ceval, the largest soy processor in Brazil. Over the next 7 years, acquisitions and organic growth make Bunge the largest soy processor in South America. In Brazil, the deal was seen as the largest acquisition of the year outside the financial sector, and made Bunge the largest agribusiness company in the country.

  • Bunge opens a trading office in Singapore.  

  • Bunge opens a trading office in Shanghai, China.

  • Bunge moves its global headquarters from São Paulo, Brazil to White Plains, New York.

  • Headquartered in White Plains, Bunge Global Markets (BGM) is established as Bunge’s destination marketing arm to convey agricultural commodities from the water’s edge in the Americas to Asia, the Middle East and parts of Europe. BGM eventually coordinates global trading through its agricultural commodity product lines (BPL), initiates global Economic Research, develops ocean freight trading capacity and creates the Financial Services Group.

  • Bunge revives agribusiness activities in Europe with initiation of Mediterranean distribution trading based in Rome. In rapid succession, additional Bunge Global Markets offices are opened throughout the region (Barcelona, Spain; Hamburg, Germany; St. Nazaire, France; Istanbul, Turkey).

  • Bunge completes construction of the largest U.S. soybean crushing and refining plant in Council Bluffs, Iowa, U.S.

  • Bunge Global Markets opens a Miami, Florida, U.S. office to sell agricultural commodities to customers in the Caribbean, Central America and the west coast of South America.

  • Bunge opens a marketing office in Manila, Philippines.

  • Bunge starts a distribution business of agricultural commodities to Middle East destinations including Iran, Saudi Arabia and the United Arab Emirates.

  • Bunge SA is established in Geneva, Switzerland by Bunge Global Markets as its European headquarters.

  • The company begins operating a trading office in India as Bunge Agribusiness India Private Limited (BAIPL), incorporated in Hyderabad.

  • Bunge opens a marketing office in Melbourne, Australia. Previously, the company’s Australian holdings had included a major pork production operation and retail operations in meat and bread.

  • Bunge acquires La Plata Cereal and in so doing, becomes one of the leading agribusiness companies in Argentina.

  • After 183 years as a private, family-owned concern, Bunge makes its initial public offering of equity on the New York Stock Exchange under the ticker NYSE:BG. It is one of the oldest listed companies on the Big Board.

  • Bunge opens a marketing office in Bangkok, Thailand.

  • Bunge acquires Cereol, a global company with a substantial soybean processing footprint in the U.S. Eastern Corn Belt, leading brands of bottled vegetable oil in Eastern Europe, the largest canola processing capacity in Canada, and soybean processing capacity in Spain. This transaction makes Bunge the world´s largest soybean processor and supplier of bottled oils to consumers.

  • Existing Bunge industrial activities are separated from Bunge Global Markets and combined with Cereol assets to form Bunge Europe. Offices in Singapore and Shanghai are separated from Bunge Global Markets and combined with all other Bunge activities in the region to form Bunge Asia.

  • Bunge acquires Hindustan Lever´s Indian edible oils business.

  • Bunge constructs the port of Derince in Turkey, begins construction of the port of Liepaja in Latvia and invests in food products and agribusiness in Russia, Poland and Ukraine.

  • Bunge forms a biodiesel joint venture in Mannheim, Germany and begins constructing a biodiesel plant next to its existing facility there.

  • Bunge begins operating its first soybean crushing and refining plant in China, in the city of Rizhao.

  • Bunge opens a port terminal at the Ramallo industrial complex in Argentina. 

  • Bunge opens offices in Paraguay, distributing fertilizer, commercializing grain, processing oilseeds, and more recently commercializing vegetable oil.

  • Bunge reconfigures its asset base on the Iberian Peninsula. Three obsolete soybean processing plants are closed and modern, efficient plants are constructed in Bilbao and Cartagena which, along with existing plants in Barcelona and Lisbon, give the company a preeminent soy processing footprint in Europe.

  • Bunge begins operating a soybean crushing plant in Nanjing, its second such facility in China.

  • Bunge enters into a strategic partnership with Southwest Iowa Renewable Energy in the U.S. to produce corn-based ethanol.

  • Bunge becomes a member of the Soy Moratorium in Brazil and a founding member of Field to Market in the U.S.

  • Bunge sets its first global goals for reduction of CO2 emissions, water use and waste disposal.

  • Bunge launches consumer vegetable oil brands in Romania.

  • Bunge purchases Santa Juliana, its first sugarcane mill in Brazil, located in the state of Minas Gerais.

  • Bunge builds a facility for the production of phosphate, a key ingredient in fertilizer, at the Ramallo industrial complex in Argentina.

  • The Bunge Product Lines (BPL), a group within the company that coordinates agricultural commodity trading globally, are moved into a new entity, Bunge Global Agribusiness, which succeeds Bunge Global Markets.  BPL thus becomes independent of both origins and destinations in the organizational structure, with a neutral perspective from which to optimize globally. Bunge Global Agribusiness is based in White Plains and Geneva; the remaining offices of the former Bunge Global Markets (such as Miami) become parts of the geographical operating companies.

  • Bunge acquires Walter Rau Lebensmittelwerke, a leading German manufacturer of consumer margarines and dressings.

  • Bunge acquires a 50% stake in Phu My port, Vietnam.

  • Bunge opens an office in Cairo, Egypt to start distribution in the local market.

  • Bunge acquires Finnish company Raisio´s margarine business in Europe.

  • The Bunge Italy offices move to Ravenna, near the Porto Corsini plant.

  • Bunge expands its industrial processes at the Ramallo indutrial complex in Argentina with the launch of an oilseed crushing plant, starting production of flours and vegetable oils.

  • Bunge begins construction on Pedro Afonso, its first greenfield sugarcane mill in Brazil, in the state of Tocantins. The company also acquires a majority stake in Monteverde, a sugarcane mill in the state of Mato Grasso do Sul.

  • Bunge completes its acquisition of the Moema Group, a cluster of five sugarcane mills (Moema, Itapagipe, Frutal, Ouroeste and Guariroba) located on the border of São Paulo and Minas Gerais states – the two largest domestic ethanol markets in Brazil.

  • Bunge completes the sale of its Brazilian fertilizer nutrients assets in Brazil, including its intereset in Fosfertil, to Vale.

  • Bunge purchases Petrobras´ fertilizer operations in Argentina and becomes one of the leading fertilizer companies in the Southern Cone region.

  • Bunge acquires Pacific International Rice Mills (PIRMI) in the U.S., entering the rice market for the first time.

  • Bunge begins operating in the tomato sauce segment in Brazil with the acquisition of Etti, one of the most traditional brands in the country.

  • Bunge opens a soybean crushing plant in Phu My, Vietnam.

  • Bunge announces an agreement with Aceitera General Deheza to begin building a corn processing plant in Argentina. Called ProMaíz, it will ultimately possess the largest production capacity for ethanol and other corn derivatives at the national level.

  • Bunge starts distributing wheat and sugar to Sub-Saharan Africa destinations including Nigeria, Senegal, Kenya, Tanzania and South Africa. 

  • Bunge acquires the edible oils and fats business of Amrit Banaspati in India, including the Gagan, Dalda, Masterline and Chambal brands.

  • Bunge forms a joint venture with biotech company Solazyme (now Corbion) to build, own and operate a commercial-scale renewable oils production facility adjacent to Bunge’s Moema sugarcane mill in Brazil. Using microalgae with sugarcane as feedstock, the JV will go on to produce innovative food and feed ingredients, including the 2016 launch of AlgaPrime™ DHA, a long chain omega-3 rich algae ingredient developed for the aquaculture feed market.

  • Bunge launches its first Bunge Academy in Brazil, designed to support its customers in the food service segment by working with them to improve ingredients applications and by offering training.

  • Bunge launches a five-year, $4 million partnership to promote sustainable agriculture with The Nature Conservancy.

  • EGT, Bunge’s joint venture with Japanese trading company, ITOCHU, begins exporting grains and oilseeds from a newly constructed U.S. export elevator on the Columbia River in the Pacific Northwest. It is the first export elevator built in the U.S. in 30 years.

  • Bunge establishes an office in Kenya to serve local markets. 

  • Bunge opens a marketing office in Tokyo, Japan. 

  • Bunge inaugurates its first biodiesel unit in Brazil in Mato Grosso.

  • Bunge acquires the wheat milling business of Grupo Altex, a leading Mexican wheat miller producing bread flour, prepared flours for baked goods, tortillas and pizza and semolina for pasta. Its six mills, branded products and innovation center serve Mexico’s main population centers and complement Bunge’s existing wheat milling business, Harinera La Espiga, to provide nationwide coverage to key flour customers.

  • Bunge completes the sale of its Brazilian fertilizer blending facilities, brands and warehouses to Yara.

  • CAIASA, a joint venture of Bunge, Louis Dreyfus Commodities and Aceitera General Deheza, begins operations in Paraguay. The JV includes a new soybean crushing plant and port terminal to serve markets in Asia, the Middle East and Northern Africa.

  • Bunge develops a northern route for grain exports in Brazil by inaugurating a port complex in Pará, and forms a joint venture with Amaggi (the largest private producer of soybeans in the world), to provide more efficient and environmentally friendly cargo transportation via the Tapajós-Amazonas waterway.

  • Bunge opens an export grain port terminal in Bunbury, providing Western Australian farmers with global market access for the first time in almost 30 years.

  • Bunge creates the Fertilizer Company TFA in a joint venture with Asociación de Cooperativas Argentinas (an agricultural cooperative), and acquires the assets of the Mosaic Company in Argentina. The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients.

  • Bunge acquires Moinho Pacifico wheat mill in Santos, Brazil – one of the largest wheat mills in South America.

  • Bunge is named the most sustainable company in the agribusiness sector in Brazil, as well as most sustainable of all companies across all sectors in the country by Exame, a leading business magazine in the country.

  • Bunge forms a joint venture called G3 with the Saudi Agricultural and Livestock Investment Company (SALIC), and acquires a majority interest in the Canadian Wheat Board in Canada. The transaction combines the Canadian Wheat Board’s western grain assets with Bunge’s eastern grain assets, improves the geographic balance of Bunge’s grain footprint and provides greater market access to Canadian growers.

  • Bunge acquires Whole Harvest Foods in the U.S., a supplier of expeller pressed and non-GM oil products for B2B customers.

  • Bunge launches a global non-deforestation policy and creates a Board committee on sustainability.

  • After a long term joint venture with Saipol, Bunge acquires Novaol, a biodiesel plant in Italy.

  • Bunge establishes an office in South Africa to serve local markets.

  • Bunge forms a joint venture with Wilmar and Green Feed in Vietnam, connecting Bunge's upstream crushing capabilities to Wilmar's downstream oil refining and consumer products business, and to Green Feed's feed milling and marketing activities.

  • Bunge enters into distribution agreements with OFI to distribute softseed and coconut oils in the Asia-Pacific region.

  • Bunge and Amaggi expand their partnership, facilitating shared management of grain export activities in northern Brazil.

  • Bunge starts operations at its new Fluminense Mill in Rio de Janeiro, the most modern wheat mill in South America.

  • Bunge acquires a controlling stake in Walter Rau Neusser in Germany, a leading supplier of value-added oils and fats for food service and food processors in Europe.

  • Bunge inaugurates its Industrial Transshipping Complex in Ukraine in the Black Sea port city of Nikolayev. The facility was developed to increase exports of agricultural products as well as commodities to serve customers in Europe, the Middle East and India. 

  • Bunge forms a joint venture with Bahri Dry Bulk (the national shipping arm of the Kingdom of Saudi Arabia), establishing a leading ocean freight supplier for dry bulk import and export flows in and out of the Middle East.

  • Bunge acquires a multi-crush and oilseed refining facility with a dedicated soybean line and a soybean/rapeseed switch line in the Port of Amsterdam, Netherlands. 

  • Bunge acquires a soybean and rapeseed crush facility in the Port of Brest in France.

  • Bunge acquires Ana Gida, a leading producer of olive and seed oil in Turkey, one of the world’s largest and fastest-growing edible oils markets.

  • Bunge acquires Lindemann, a leading supplier of oils and fats to both the industrial and artisanal channels of the German bakery market.

  • Bunge acquires Aceitera Martínez in Argentina, a family-run business specializing in the production and packaging of edible oils. The facilities, equipped with state-of-the-art technology and three packaging lines, have an installed capacity of approximately 20,000 tons per month.

  • Bunge agrees to acquire a 70 percent ownership interest in IOI Loders Croklaan, a leader in the semi-specialty and specialty B2B palm and tropical oils market, with strength in confectionery, bakery and infant nutrition applications. Once complete, the transaction will expand Bunge’s value-added capabilities, reach and scale to establish Bunge as a global leader in B2B edible oils.

  • Bunge’s G3 joint venture begins construction of an export terminal in Vancouver, British Columbia, Canada – the first grain terminal to be built in the port since the 1960s. 

  • Bunge, The Nature Conservancy and a coalition of companies, NGOs and government entities launch Agroideal.org, a decision support tool that facilitates the sustainable expansion of soy production in South America.