St Louis, Missouri: Bunge North America announced that its subsidiary, Bunge Foods, has executed a definitive agreement to sell its bakery business to Dawn Food Products, Inc. of Jackson, Michigan for $76 million. The sale includes the assets that produce mixes, frozen dough, syrups and toppings. Bunge Foods will continue as a market leader in edible oil processing and packaging. \r\n\r\n""Oil is a core business for Bunge both in North America and worldwide,"" said John E. Klein, President and Chief Executive Officer of Bunge North America. ""Selling the bakery business will allow Bunge Foods to focus on our edible oil business.""\r\n\r\nBunge's bakery mix-related assets in Seattle, Washington, Bradley, Illinois, and Modesto, California are included in the sale as are its frozen bakeries in Mexico, Missouri and Tustin and Modesto, California. The syrups and toppings plant in Seattle and the bakery research and development facilities in Seattle and St. Louis are also included in the sale. \r\n\r\n""Dawn Foods is very excited about this acquisition,"" said Ron Jones, Chief Executive Officer of Dawn. ""We have a great deal of respect for the way Bunge has grown its business and this acquisition will help Dawn grow in our service to the baking industry."" \r\n\r\nThe sale is subject to regulatory approval and other customary closing conditions but is expected to close by year end.\r\n\r\nAbout Bunge North America\r\n\r\nBunge North America (www.bungenorthamerica.com) the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, grain and oilseed processing plants, edible oil refineries and food processing facilities in the U. S., Canada and Mexico.\r\n\r\n\r\n\r\nAbout Bunge Limited\r\n\r\nBunge Limited (www.bunge.com) is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain with worldwide distribution capabilities. Founded in 1818 and headquartered in White Plains, New York, Bunge has over 25,000 employees and locations in 28 countries. Bunge is the largest processor of soybeans in the Americas, the world's leading oilseed processing company, the largest producer and supplier of fertilizers to farmers in South America and the world's leading seller of bottled vegetable oils to consumers.Bunge North America
