Bunge Limited (formerly Bunge International, and prior to that Bunge y
Born) is an American agribusiness and food company, incorporated in
Bermuda, and headquartered in White Plains, New York, United
States. As well as being an international soybean exporter, it is also
involved in food processing, grain trading, and fertilizer. It
Cargill and Archer Daniels Midland. The company has
approximately 32,000 employees in 40 countries.
1.1 Formation and listing
1.3 Brazilian sourcing protests
3 Environmental record
4 Corporate governance
5 See also
7 External links
Formation and listing
Bunge y Born
Bunge y Born was founded in 1818 by Johann Peter Gotlieb Bunge in
Amsterdam, it was relocated to
Antwerp by Edouard Bounge in 1859.
Edouard's brother; Ernest Bunge, took the Bunge name to
1884, and in 1905 the business extended to
Brazil and later on to the
United States. The company was converted into the Bermuda-registered
Bunge International in 1994, retaining the
Bunge y Born
Bunge y Born name only in
Argentina. Bunge remained a privately held company of 180 shareholders
(including the longtime controlling family interests) and divested
itself in 1998 of almost all its retail foods interests in favor of a
greater role in international agribusiness and commodity markets; by
then the company's gross annual turnover had reached US$13 billion.
Bunge ultimately went public on the
New York Stock Exchange
New York Stock Exchange in 2001,
becoming Bunge Limited.
In 1994, the Bermuda-registered
Bunge International was created as the
main company in which the families had shares. There were around 180
shareholders—the main families were Hirsch, Bunge, Born, Engels, and
De La Tour. This replaced the older structure in which individual
shareholders had stakes in all the different Bunge companies. Now only
Argentina does the
Bunge y Born
Bunge y Born name still exist.
New York Stock Exchange
New York Stock Exchange on August 4, 2011, when Bunge celebrated
the 10th anniversary of its listing on the exchange.
In 2001, under the leadership of Alberto Weisser, Bunge was listed
on the New York Stock Exchange. Through their three
businesses—agribusiness, fertilizer, and food products—they have
established a leading global presence in the farm-to-consumer food
chain. Bunge is the world's largest oilseed processor, the world's
number one seller of bottled vegetable oil to consumers and the
largest producer and supplier of fertilizers to farmers in South
In 2004, Bunge acquired Cereol, parent of oilseed companies Central
Soya and CanAmera Foods. In 2008, Bunge acquired Walter Rau, a
margarine company, from Germany. In 2009, Bunge acquired the
margarine business from Raisio Group, maker of functional food
ingredients. In 2017, Bunge announced intentions to acquire a 70%
stake in IOI Loders Croklaan for $946 million from Malaysian palm oil
producer IOI Corp Berhad.
Brazilian sourcing protests
In 2012, Bunge came under criticism from NGO Survival International
for sourcing its sugarcane from the ancestral land of the Guaraní
people in Brazil. It has been reported by the tribe that crop
production has brought pesticides and machinery that has damaged their
health, as well as restricting them to a small area that has prevented
them from hunting and practicing their traditions.
Also, in January 2003, opposition from the tribe had led to the
killing of their chief Marcus Vernon by ranchers. In 2012,
survivors were requesting Bunge follows the example of the company
Raízen, which agreed to stop the sourcing of sugarcane from the
In May 2017,
Switzerland began pursuing the acquisition of
Bunge. In early June 2017, Bunge hired advisers to help it fend
off Glencore's takeover interest. In January 2017, Archer Daniels
Midland agreed to sell its crop risk services (insurance) unit to
Validus Holdings for $127.5 million. On January 19, 2018, it was
Archer Daniels Midland
Archer Daniels Midland had approached Bunge Ltd. about a
takeover, with details "unclear." At that point, Bunge had a market
value of about $9.8 billion, and was still being pursued by
The company's operations include:
originating oilseeds and grains from the world's primary growing
regions and transporting them to customers worldwide;
crushing oilseeds to make meal for the livestock industry and oil for
the food processing, food service and biofuel industries;
producing bottled oils, mayonnaise, margarines and other food products
crushing sugarcane to make sugar, ethanol and electricity;
milling wheat and corn for food processors, bakeries, brewers and
other commercial customers; and
selling fertilizer to farmers.
See also: Gran Chaco § Conservation issues
In 2006, the
United States Environmental Protection Agency filed
charges against Bunge company regarding pollution emissions. This
involved twelve soybean processing plants and corn mills in eight
states throughout the US. The lawsuit claimed Bunge violated the Clean
Air Act by constructing major modifications that increased emissions.
Bunge was required to implement engineering changes and pollution
control projects, estimated to cost $12 million, to reduce emissions
at the facilities by 2,200 tons a year. The settlement also called for
Bunge to pay a cash penalty of $625,000 and to spend $1.25 million to
fund community-based environmental projects selected by and to be
supervised by the impacted states. The state of Kansas will
receive $22,000 of the $625,000 civil penalty, this being issued by
the Kansas Department of Health and Environment.
Current team as of August 2017[update]:
Soren Schroder, CEO, Bunge Limited
Todd Bastean, CEO, Bunge North America
Thomas M. Boehlert, Chief Financial Officer, Bunge Limited
Michael Goettl, CEO, Bunge Asia
Gordon Hardie, Managing Director, Food & Ingredients, Bunge
Enrique Humanes, CEO, Bunge Southern Cone
Tommy Jensen, CEO, Bunge Europe, Middle East & Africa
David G. Kabbes, General Counsel and Managing Director, Corporate
Pierre Mauger, Chief Development Officer, Bunge Limited
Raul Padilla, CEO, Bunge Brazil
Deborah Borg, Executive Vice President - Chief Human Resources
Officer, Bunge Limited
Brian Thomsen, Managing Director, Bunge Global
Agribusiness and CEO,
Bunge Product Lines
Former team members:
Frank Jimenez, General Counsel, Secretary and Managing Director,
Corporate Affairs, Bunge Limited
Christopher White, Senior Advisor, Bunge Limited
Companies listed on the
New York Stock Exchange
New York Stock Exchange (B)
^ a b c "
Agribusiness - Food Production Company - Bunge".
^ "Bunge Limited, a company incorporated under the laws of
for Bunge (BG)". wikinvest.com.
^ Clarín: La retirada final del grupo Bunge & Born (in Spanish)
^ Talati, Sonia (September 17, 2016). "UBS: New Boss, New Mission".
Bunge Limited to Acquire Ft. Wayne's Central Soya".
insideindianabusiness.com. Archived from the original on
^ FoodNavigator.com. "Bunge acquires controlling stake of German oil
supplier Walter Rau". FoodNavigator.com. Retrieved 2017-09-12.
^ "Archived copy". Archived from the original on 2011-05-04. Retrieved
^ "Bunge to buy 70 percent stake in IOI Corp unit for $946 million".
Reuters. 2017-09-12. Retrieved 2017-09-12.
^ Survival International. "US food giant accused over biofuel 'tainted
with Indian blood'". survivalinternational.org.
^ Ryan Villarreal (8 December 2012). "Deadly Ethanol: Brazil's
Sugarcane Farms Take Toll On Indigenous People". International
^ Survival International. "Shell scraps controversial biofuels plan
after Brazilian Indian protest". survivalinternational.org.
^ a b Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made
Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York
Times, New York City, United States. Retrieved January 21, 2018.
^ Hume, Neil; Fontanella-Khan, James (June 4, 2017). "Bunge hires
JPMorgan and Shearman & Sterling in
Glencore defence". Financial
Times. United Kingdom. Retrieved June 5, 2017.
^ https://www.reuters.com/article/deals-day-idUSL4N1FL1ZL Reuters
^ "Bunge North America Inc". lawyersandsettlements.com.
^ "10/26/2006: $13.9 Million Clean Air Act Settlement with
Soybean and Corn Processor Secures Major Pollution
Reductions in Eight States - Settlement Expected to Eliminate More
than 2,200 Tons of Harmful Emissions Annually". epa.gov.
^ "FindArticles.com - CBSi". [permanent dead link]
^ "Bunge Management Team". bunge.com. Retrieved 2015-11-05.
Bunge Limited companies grouped