The transaction is expected to be completed in late calendar year 2013, following regulatory clearances.

"Divergent views" are apparently to blame for the split.

Cargill and Arasco have announced their intention to create a new starches and sweeteners joint venture in the Kingdom of Saudi Arabia.

Glanbia hopes the move will allow it to focus more on its high-margin U.S. cheese and international nutritionals businesses away from its lower margin dairy processing.

Kellogg Co. and Wilmar International Ltd. have entered a joint venture for the sale, manufacturing and distribution of Kellogg’s cereal and Pringles snack foods brands in China.

PepsiCo plans to enter the U.S. yogurt market through a joint venture with German dairy giant Theo Muller.

Land O'Lakes Inc. said it is creating a joint venture with Eggland's Best Inc. to sell specialty branded eggs.

DuPont announced it has acquired from Bunge full ownership of the Solae LLC joint venture.

Nestlé S.A. and The Coca-Cola Company agreed to focus the geographic scope of their ready-to-drink tea joint venture, Beverage Partners Worldwide (BPW), on Europe and Canada.

Bunge North America, the North American operating arm of Bunge Limited, has created a joint venture company with Twin Rivers Technologies Enterprises de Transformation de Graines Oleagineuses du Quebec Inc.