Bunge Ltd. reported on Nov. 22 that it has bought 49% of BZ Group, while the Beuzelin family remains the majority shareholder with 51% ownership. Based in Normandy, France, BZ Group sources grains, oilseeds, and pulses from northwest France for export.
Terms were not given. The acquisition is part of a strategic partnership between the two companies. They are expected to strengthen operational and commercial cooperation, which provides the opportunity to expand BZ’s facility in the port of Rouen.