Bunge and OFI Become Distribution Partners in Asia-Pacific

White Plains / NY. (bl) Bunge Agribusiness Singapore PTE Limited, a wholly owned subsidiary of Bunge Limited, and Oleo-Fats Inc., a wholly owned subsidiary of D+L Industries (OFI), have entered into distribution agreements for the foodservice, retail and food processor industries in the Asia-Pacific region.

OFI will become Bunge’s exclusive commercial partner to import, market, sell and distribute packaged softseed oils into Philippines. Bunge will become OFI’s exclusive commercial partner to export, market, sell and distribute coconut oil under its Farm Origin brand into countries in the Asia-Pacific region.

«We’re delighted to have OFI as our distribution partner», said Aaron Buettner, Global Head of Oils, Bunge Limited. «By leveraging OFI’s capabilities in Philippines and their relationships with customers including quick service restaurant chains, snack food manufacturers, biscuit and confectionery manufacturers, industrial bakeries, and hotels, restaurants and caterers, 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. This is a premium oil that fits well with our other offerings for retail and foodservice in the Asia-Pacific region».

«Partnering with Bunge, the world’s largest oilseed processor, gives us an even broader range of products to serve customers in Philippines and strengthens our position as a supplier of choice to our country’s fast-growing foodservice industry», said Vincent Lao, Managing Director, Oleo-Fats Inc. «We’re also seeking to grow by adding coconut oil to Bunge’s Farm Origin brand. By leveraging Bunge’s logistics and capable commercial and marketing teams, we’ll be able to participate in broader regional growth as well».