Spanish agribusiness company Elian Barcelona is set to acquire Cargill's soy crushing plant in Moll Álvarez de la Campa in Barcelona. Therefore, Elian Barcelona is a subsidiary of Viserion Oilseed Processing, a newly formed subsidiary of Viserion International.
Vision did not disclose the financial terms of the deal, which is expected to close in the first quarter of next year, subject to approval by the Barcelona Port Authority, when announcing the acquisition on October 10. However, the crushing unit soy serves the Catalan, Spanish and European feed and food ingredients sectors.
Elian Barcelona said it planned to expand the plant's capabilities to produce a wider range of food ingredients and specialty feeds, through concentration and textured protein, essential to support the farm-to-food supply in European and Mediterranean markets.
“This strategic asset is fundamental. It will allow us to align our services with consumers and trends in the food system. Increasing European food security is crucial. This will also help us resist supply chain disruptions,” said Elian Barcelona founder and general manager Andres Martin. However, the CEO of Viserion International is Aaron Wiegand. He stated that the acquisition of the factory is strategically important. Located in Catalonia, it is essential for the food supply. This would deepen the company's long-term commitment to the European market.
“We look forward to expanding the Viserion platform in an organic and timely manner. We want to increase our international business of handling and trading grains and food products,” he added.
Meanwhile, a fund managed by Pinnacle Asset Management, a US-based alternative asset management firm focused on global commodity markets, supports Viserion International.
Source: Oils & Fats International
