On the Street -- Cargill Makes Fats & Oils Acquisition
December 10/Melbourne, Australia/ENP Newswire -- Cargill has entered into an agreement to purchase Goodman Fielder's Commercial Edible Fats and Oils business.
The A$240 million purchase includes the commercial business' four fats and oils refining assets located in West Footscray in Melbourne, Murarrie in Brisbane, Bunbury near Perth and East Tamaki in Auckland, New Zealand. Goodman Fielder will retain the title to the land at the Brisbane facility that is subject to an extended lease back to Cargill.