Manila—(PHStocks)—Bunge Agribusiness Singapore Pte Ltd., a wholly owned subsidiary of Bunge Limited (NYSE: BG), and Oleo-Fats Inc., a wholly owned subsidiary of D&L Industries (PSE: DNL), have entered into distribution agreements for the foodservice, retail and food processor industries in the Asia-Pacific region.
OFI will become Bunge’s exclusive commercial partner to import, market, sell and distribute packaged softseed oils into Philippines. Bunge will become OFI’s exclusive commercial partner to export, market, sell and distribute coconut oil under its Farm Origin brand into countries in the Asia-Pacific region.
“We’re delighted to have OFI as our distribution partner,” said Aaron Buettner, Global Head of Oils, Bunge Limited. “By leveraging OFI’s capabilities in Philippines and their relationships with customers including quick service restaurant chains, snack food manufacturers, biscuit and confectionery manufacturers, industrial bakeries, and hotels, restaurants and caterers, Bunge will be able to fully participate in an important and growing destination market. We also look forward to being able to provide coconut oil supplied by OFI as part of our Farm Origin portfolio. This is a premium oil that fits well with our other offerings for retail and foodservice in the Asia-Pacific region.”
“Partnering with Bunge, the world’s largest oilseed processor, gives us an even broader range of products to serve customers in Philippines and strengthens our position as a supplier of choice to our country’s fast-growing foodservice industry,” said Vincent Lao, Managing Director, Oleo-Fats, Inc. “We’re also seeking to grow by adding coconut oil to Bunge’s Farm Origin brand. By leveraging Bunge’s logistics and capable commercial and marketing teams, we’ll be able to participate in broader regional growth as well.”
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
About D&L Industries
D&L Industries is a Filipino company engaged in product customization and specialization for the food, plastics, and aerosol industries. The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. Established in 1963, D&L has the largest market share in each of the industries it serves, as well as longstanding customer relationships with the Philippines’ leading consumer and chemical companies. It was listed on the Philippine Stock Exchange in December 2012. For more information, please visit www.dnl.com.ph.