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Cargill Buys Montedison's Cerestar Stake
December 10, 2001
1 Min Read
Cargill Buys Montedison's Cerestar Stake
MINNEAPOLIS--Cargill Inc. is purchasing a 56-percent stake inFrench starch maker Cerestar, a division of Montedison. The deal is worth anestimated $427 million, plus Cargill is assuming Cerestar's debt, totaling $416million. The acquisition is expected to boost Cargill's (www.cargill.com)global reach in the starch products sector. "Cerestar's starch andsweetener business will complement ours," Cargill spokesman Bill Bradysaid. "Traditionally, we have focused on different ends of the sectors.They [Cerestar] have expertise in value-added, specialty products."
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