Bunge Global SA

Agricultural Commodities and Food ProcessingFounded 1818- HQ today: St. Louis, Missouri

Acquisitions

Bunge Acquisitions

Major Deals Covered

$10.0B

Disclosed Deal Value

What are Bunge's biggest acquisitions?

Bunge's largest disclosed acquisition here is Viterra Limited for $8.2B in 2025. This page covers 5 major deals from 1997 to 2026, each with its price where disclosed and the reason behind it.

Major deals covered: 5
Largest deal: Viterra Limited ($8.2B)
First deal: 1997
Most recent: 2026

Company	Year	Price	Purpose
Viterra Limited	2025	$8.2B	To add grain origination, storage and export capacity in Canada, Australia, Argentina and the Black Sea, where Bunge was smaller than Cargill and ADM, and to connect that grain handling to Bunge's crushing and destination sales. The $8.2 billion figure is the equity consideration: about 65.6 million Bunge shares, worth about $6.2 billion at the June 2023 announcement, plus about $2 billion in cash. Bunge also took on about $9.8 billion of Viterra debt.
IFF soy protein concentrate, lecithin and soy crush businesses	2026	Undisclosed	To broaden Bunge's food ingredients range for customers developing higher-protein products in bakery, snacks, meat and meat alternatives, and to round out its lecithin line.
IOI Loders Croklaan (70 percent stake)	2018	$946.0M	To build a specialty palm and tropical oils business for confectionery, bakery and other food customers, bought from Malaysian palm oil producer IOI Corporation.
Cereol S.A.	2002	$815.0M	To become the world's largest soybean processor. Bunge paid Italy's Edison 449.2 million euros, about $440 million, for 55 percent of the French oilseed processor and then offered about $375 million for the publicly held 45 percent; the value shown is the sum of those two equity payments.
Ceval Alimentos	1997	Undisclosed	To take the lead in Brazilian soybean processing as the group refocused on agribusiness after its 1993 to 1997 restructuring.

What companies has Bunge bought?: Major acquisitions by Bunge documented here include Viterra Limited (2025), IOI Loders Croklaan (70 percent stake) (2018), Cereol S.A. (2002), IFF soy protein concentrate, lecithin and soy crush businesses (2026) and Ceval Alimentos (1997).
What is Bunge's most recent acquisition?: The most recent Bunge acquisition documented here is IFF soy protein concentrate, lecithin and soy crush businesses, in 2026.

IFF soy protein concentrate, lecithin and soy crush businesses

2026

Why

To broaden Bunge's food ingredients range for customers developing higher-protein products in bakery, snacks, meat and meat alternatives, and to round out its lecithin line.

Impact

Added the Response, Alpha, Procon and Solec brands from International Flavors & Fragrances, giving Bunge textured, functional and powdered soy protein concentrates and liquid, powdered and fractionated lecithins from soy, sunflower and rapeseed.

Outcome

Closed on 2 March 2026. The acquisition complements Bunge's Morristown, Indiana soy protein concentrate plant, which came online in late 2025. Terms were not disclosed in the closing announcement.

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Viterra Limited

2025

$8.2B

Why

To add grain origination, storage and export capacity in Canada, Australia, Argentina and the Black Sea, where Bunge was smaller than Cargill and ADM, and to connect that grain handling to Bunge's crushing and destination sales. The $8.2 billion figure is the equity consideration: about 65.6 million Bunge shares, worth about $6.2 billion at the June 2023 announcement, plus about $2 billion in cash. Bunge also took on about $9.8 billion of Viterra debt.

Impact

Net sales rose from $53.1 billion in 2024 to $70.3 billion in 2025, merchandised grain volumes went from 36.7 million to 67.2 million metric tons, and softseed crushing grew in Argentina, Canada and Europe. Glencore received about 32.8 million Bunge shares, 16.4 percent of the enlarged company, and about $900 million in cash.

Outcome

Closed on 2 July 2025 after approvals in Canada, the EU and China. Bunge realized more than $70 million of cost synergies by the end of 2025, sold Viterra's Hungarian business and part of its Polish business in the third quarter of 2025, and in September 2026 agreed to sell the two former Viterra sugar mills in Brazil to COFCO International.

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IOI Loders Croklaan (70 percent stake)

2018

$946M

Why

To build a specialty palm and tropical oils business for confectionery, bakery and other food customers, bought from Malaysian palm oil producer IOI Corporation.

Impact

Created Bunge Loders Croklaan and gave Bunge a leading position in semi-specialty and specialty business-to-business palm and tropical oils, the core of today's Tropical Oils and Specialty Ingredients segment.

Outcome

Bunge later held 80 percent of the business and in 2023 discontinued the Loders Croklaan trademark, taking $17 million of accelerated amortization at its share.

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Cereol S.A.

2002

$815M

Why

To become the world's largest soybean processor. Bunge paid Italy's Edison 449.2 million euros, about $440 million, for 55 percent of the French oilseed processor and then offered about $375 million for the publicly held 45 percent; the value shown is the sum of those two equity payments.

Impact

Cereol brought Central Soya in the US, CanAmera Foods and the largest canola crushing capacity in Canada, soybean crushing in Spain and leading bottled oil brands in Europe.

Outcome

Completed in October 2002, it made Bunge the world's largest soybean processor and supplier of bottled oils to consumers, the scale that still anchors its European and North American crushing.

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Ceval Alimentos

1997

Why

To take the lead in Brazilian soybean processing as the group refocused on agribusiness after its 1993 to 1997 restructuring.

Impact

Ceval was the largest soy processor in Brazil. Over the following seven years, acquisitions and organic growth made Bunge the largest soy processor in South America.

Outcome

Brazil became Bunge's most important soybean origin and processing base, and the acquisition set up the agribusiness focus Bunge took to the New York Stock Exchange in 2001.

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Bunge Global SA's Growth & Acquisition Strategy

Bunge's growth plan has three parts. First, extract value from Viterra by connecting its grain handling in Canada, Australia, Argentina and Europe to Bunge's crushing, refining and destination sales; cost synergies passed $70 million by the end of 2025. Second, push further into specialty ingredients: the Morristown, Indiana soy protein concentrate plant came online in late 2025, and on 2 March 2026 Bunge closed the purchase of IFF's soy protein concentrate, lecithin and soy crush businesses, including the Response, Alpha, Procon and Solec brands. Third, supply lower-carbon feedstocks for renewable diesel and sustainable aviation fuel through its Chevron joint venture and its Repsol partnership. Capital spending is guided at $1.5 billion to $1.7 billion for 2026, alongside a $3 billion share repurchase authorization and a commitment to return at least half of discretionary cash flow to shareholders across the cycle.

How Bunge Global SA Makes Money

Bunge earns a spread, not a price. It buys oilseeds and grain from farmers and country elevators, moves them by truck, barge, rail and ship, and either sells them on to customers in other regions or crushes them. Crushing splits a soybean into about 80 percent protein meal, sold to animal feed makers, and 18 to 19 percent oil, sold to food companies and increasingly to renewable diesel and sustainable aviation fuel producers. Profit depends on the crush margin, the gap between the cost of the seed and the combined value of meal and oil, and on merchandising spreads across origins, seasons and freight routes. In 2025 cost of goods sold absorbed $66.9 billion of $70.3 billion of net sales, a gross margin of 4.8 percent, so volume and risk management matter more than pricing power. Four reportable segments carried the business in 2025: Soybean Processing and Refining ($36.3 billion of net sales), Grain Merchandising and Milling ($18.1 billion), Softseed Processing and Refining ($11.3 billion) and Other Oilseeds Processing and Refining ($4.6 billion), which Bunge renamed Tropical Oils and Specialty Ingredients in 2026.

Bunge Acquisitions FAQ

What was Bunge's biggest acquisition?

Viterra, closed on 2 July 2025. Viterra's owners received about 65.6 million Bunge shares and about $2 billion in cash, together about $8.2 billion at announcement, and Bunge took on about $9.8 billion of Viterra debt. Glencore ended up with 16.4 percent of Bunge.

When did Bunge buy Cereol?

In October 2002 Bunge bought 55 percent of French oilseed processor Cereol from Edison for ~$508 million (449.2 million euros) and then the public shares. Cereol added Central Soya and Canada's largest canola crushing capacity and made Bunge the world's largest soybean processor.

When did Bunge buy Loders Croklaan?

Bunge agreed in 2017 to buy 70 percent of IOI Loders Croklaan from Malaysia's IOI Corporation for $946 million and completed the deal in 2018. It retired the Loders Croklaan brand in 2023.

What did Bunge buy from IFF?

On 2 March 2026 Bunge closed its purchase of IFF's soy protein concentrate, lecithin and soy crush businesses, including the Response, Alpha, Procon and Solec brands.

What has Bunge sold?

Its 35 US interior grain elevators to Zen-Noh (closed December 2021), Mexican wheat milling (2022), its stake in BP Bunge Bioenergia to bp (October 2024) and North American corn milling to Grain Craft (July 2025). In September 2026 it agreed to sell two Brazilian sugar mills to COFCO International.

Did Bunge acquire Viterra?

Yes, in 2023, Bunge announced a massive $8 billion mega-merger with Viterra (backed by Glencore), creating an absolute agricultural behemoth capable of challenging the dominance of Cargill.

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