Cargill completes international business negotiations
Cargill has taken over Italian feed company Raggio di Sole.
International business negotiations have resulted in Cargill agreeing the takeover of Italian animal feed company Raggio di Sole.
The former - which was founded in 1865 and currently employs 131,000 people in 66 countries - will now widen its portfolio of products thanks to the deal.
Silvio Ferrari, president of Cargill's business in Italy, noted the potential of the agreement is cause for excitement.
"Bringing together the committed, knowledgeable and experienced Raggio di Sole workforce ... with Cargill's existing resources and capabilities will create a new, nationwide full service," he added.
Now that the sales negotiations have been completed - with the deal waiting on regulatory approval - individuals can see the company's dedication to the animal nutrition business in Italy, Mr Ferrari observed.
Scott Ainslie, vice-president of Cargill's global animal nutrition business, remarked that the link-up will leave them well placed to work with all of their customers in the country.
Posted by Edel Quinn