Cargill Buys Sorbitol Producer

MINNEAPOLISCargill entered into an agreement to purchase Indonesia-based Sorini, one of the world's leading producers and suppliers of sorbitol. The purchase entails two transactions that will result in Cargill owning 85.01% of the ordinary shares of Sorini, at a combined purchase price of approximately $300 million). Once the transactions are final, Sorini will become a subsidiary of Cargill.

Sorini operates seven manufacturing facilities located in Indonesia's East Java and Lampung provinces. Sorini's product range comprises starch and starch derivative products, including liquid and powder sorbitol, maltitol, dextrose monohydrate, maltose, and maltodextrine, all used in the production of consumer goods such as food and beverages, cosmetics and personal care, and pharmaceuticals.

"Through this acquisition we will gain manufacturing and supply capabilities in Indonesia, which will enable us to better serve customers in Indonesia as well as in other Asian and global export markets," said Bram Klaeijsen, president and regional director, Cargill Asia-Pacific. "Customers also will benefit from our expertise and leading position in the global starches and sweeteners industry including new product offerings, enhanced technology and application capabilities, as well as the supply chain and risk management capabilities we bring to the business."