Cargill completes acquisition of Zamanita from Zambeef

摘要

Cargill has completed the acquisition of Zamanita Ltd, the soybean crushing and oil refining subsidiary of Zambeef. Zamanita now becomes an integral part of Cargill's business in Zambia. As part of the deal, Cargill has acquired all of Zamanita's assets, including the Mama's oil and Zamanita oil brands. Cargill will continue to provide customers the high quality oil under these existing oil brands and Cargill's experienced commercial team will work to ensure customers experience business as usual and have no interruptions of supply. Welcoming Zamanita's 310 employees to Cargill, Lezanne van Zyl, General Manager of Cargill in Zambia said, "Cargill will immediately start an extensive investment programme at the crush and refinery site in Lusaka, where upgrades will be made to machinery, tools and operational processes. Building on Zamanita's existing strengths, we intend to bring this plant up to the high standards of quality, environmental health and safety that is associated with our company around the world. We will optimize the efficiency of the operation that will bring benefits to our customers in the food and feed sectors."