In this file:

 

·         Seaboard acquires remainder of ContiLatin del Peru

… giving it control of Continental Grain’s shares in ContiLatin del Peru S.A. (CLDP)…

 

·         Seaboard Corp. acquires shares in Peruvian company

Companies involved in Peruvian poultry, pork, and milling industries, as well as livestock

 

 

Seaboard acquires remainder of ContiLatin del Peru

 

By Eric Schroeder, World-Grain.com

11.01.2019

 

SHAWNEE MISSION, KANSAS, U.S. —Seaboard Corp. has completed a transaction giving it control of Continental Grain’s shares in ContiLatin del Peru S.A. (CLDP). Financial terms of the transaction were not disclosed.

 

CLDP was founded in 1994 as a trade and import business. In 2007, Seaboard joined Continental Grain as a joint venture partner in the business. Over the past 12 years CLDP has grown into an industrial operation, with plants in Lurin and Trujillo, Peru, which are engaged in grain processing, soybean extrusion and animal feed production.

 

“This acquisition is consistent with Seaboard’s longstanding strategy of global integration with our wholly-owned grain trading operations,” said David Dannov, president of Seaboard Overseas Trading Group. “We operate grain and feed milling operations and related businesses in 42 locations in 23 countries, and those operations are primarily supplied by our commodity trading offices. CLDP, with its leading position in Peru, is a key component of our presence in the region.”

 

Andre Ettedgui, operating partner for Continental Grain Latin America, added, “Our decision to exit CLDP reflects CGC’s strategy to diversify away from grain trading operations, but we know we are leaving this business in good hands with Seaboard. CGC is actively working to expand its presence in Peru and Latin America and we have a dedicated team that is actively sourcing and evaluating new investments in the region.”

 

Continental Grain and Seaboard’s relationship dates back to 1966...

 

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https://www.world-grain.com/articles/12830-seaboard-acquires-remainder-of-contilatin-del-peru

 

 

Seaboard Corp. acquires shares in Peruvian company

Companies involved in Peruvian poultry, pork, and milling industries, as well as livestock

 

Source: Seaboard Corp.

via Farms.com - Nov 04, 2019

 

Merriam, Kansas – Seaboard Corp. has announced the acquisition of Continental Grain’s shares in ContiLatin del Peru SA (C.L.D.P.), a marketer of corn, wheat, and soybean products. C.L.D.P. also covers the needs of Peruvian poultry, milling and livestock industries, and provides industrial and logistical services for its customers.

 

Continental Grain Co. and Seaboard Corp. have done business together since 1966 when they partnered on the acquisition of a flour mill in Ecuador. Since then, the two companies have worked together on various joint ventures in the Caribbean and Latin America.

 

“Our decision to exit C.L.D.P. reflects C.G.C.’s strategy to diversify away from grain trading operations, but we know we are leaving this business in good hands with Seaboard. C.G.C. is actively working to expand its presence in Peru and Latin America and we have a dedicated team that is actively sourcing and evaluating new investments in the region,” added Andre Ettedgui, operating partner for Continental Grain Latin America.

 

C.L.D.P. was founded in 1994, and has since grown into an industrial operation, with plants in Lurin, and Trujillo, Peru. In the Lurin facility, the company focuses on the storage and shipping of grains, the production of animal feed, as well as the production of full-fat soybean meal. Out of the Trujillo facility, the company operates a soybean extrusion line, a corn drying and cleaning plant, as well as a grain warehouse.

 

In 2007, Seaboard Corp. joined Continental Grain as a joint partner in the C.L.D.P. business.

 

“This acquisition is consistent with Seaboard’s longstanding strategy of global integration with our wholly-owned grain trading operations. We operate grain and feed milling operations and related businesses in 42 locations in 23 countries, and those operations are primarily supplied by our commodity trading offices. C.L.D.P., with its leading position in Peru, is a key component of our presence in the region,” explained David Dannov, president of Seaboard Overseas Trading Group.

 

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