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Bunge and OFI announces distribution partnership in Asia-Pacific

Sep. 30, 2016 7:26 AM ETBunge Global SA (BG) StockBy: Niloofer Shaikh, SA News Editor
  • Bunge Agribusiness Singapore Pte Ltd. a wholly owned subsidiary of Bunge Limited (NYSE:BG) and Oleo-Fats, Inc., a wholly owned subsidiary of D&L Industries (OTCPK:DLNDY) have entered into distribution agreements.
  • OFI will become Bunge's exclusive commercial partner to import, market, sell and distribute packaged softseed oils into Philippines. Bunge will become OFI's exclusive commercial partner to export, market, sell and distribute coconut oil under its Farm Origin brand into countries in the Asia-Pacific region.
  • Added Aaron Buettner, Global Head of Oils, Bunge Limited. "By leveraging OFI's capabilities in Philippines and their relationships with customers including quick service restaurant chains, snack food manufacturers, biscuit and confectionery manufacturers, industrial bakeries, and hotels, restaurants and caterers, Bunge will be able to fully participate in an important and growing destination market. We also look forward to being able to provide coconut oil supplied by OFI as part of our Farm Origin portfolio. This is a premium oil that fits well with our other offerings for retail and foodservice in the Asia-Pacific region."
  • Press Release

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