D&L unit ties up with Bunge of NY
A unit of food and plastic input manufacturer D&L Industries has inked an exclusive partnership deal with New York-based Bunge Ltd., a leading global agribusiness and food company, to roll out key products in Asia Pacific.
Oleo-Fats Inc. (OFI), a subsidiary of D&L Industries, entered into distribution agreements with Bunge for the food service, retail and food processor industries in the region, D&L said in a disclosure to the Philippine Stock Exchange.
OFI will become Bunge’s exclusive commercial partner that will import into, market and distribute packaged softseed oils in Philippines. Bunge will become OFI’s exclusive commercial partner to export to, market and distribute coconut oil under its Farm Origin brand in Asia Pacific countries.
“By leveraging OFI’s capabilities in the Philippines and relationship with customers, Bunge will be able to fully participate in an important and growing destination market. We also look forward to being able to provide coconut oil supplied by OFI as part of our Farm Origin portfolio,” said Aaron Buettner, global head of oils at Bunge.
“Partnering with Bunge gives us an even broader range of products to serve customers in Philippines and strengthens our position as a supplier of choice to the country’s foodservice industry,” said Vincent Lao, managing director at OFI.
Founded in 1818, Bunge operates in more than 40 countries with around 35,000 employees.
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