June 5, 2013
Cargill plans to sell Swiss flour business
Cargill has announced plans to sell its Penthalaz, Switzerland-based flour business (operating as Provimi Kliba SA), to flour and grain milling company Groupe Minoteries SA.
The sale includes the land, buildings, and machinery involved in the flour milling, grain origination and feed production facilities located at sites in Penthalaz and Orbe. Terms of the agreement were not made public, and the deal is expected to close in early August 2013.
A new company, Grands Moulins de Cossonay Sarl ？？ Penthalaz will be established and 41 of Cargill's employees will be transferred to the new company. Groupe Minoteries SA will purchase the shares of the new company through the transaction.
