Cargill acquires sunflower oil brand Sweekar

Cargill has signed an agreement with Marico Ltd to acquire its refined sunflower oil brand Sweekar.

Bytes:-

- Cargill already produces and markets sunflower oil locally under its NatureFresh and Gemini brands.

- Cargill started its India operations in 1987. Its businesses include handling and processing of a wide range of products, including refined oil, grain and oilseeds, sugar, cotton and animal feed.

- It bought out its initial joint venture partner Parakh Foods in 2005, following which it acquired the Rath edible oil brand of Agro Tech foods, a subsidiary of ConAgra Foods, in 2010. In 2006 Cargill entered into a JV to set up a greenfield sugar refinery in south India.