Cargill Inc. said Tuesday that it has agreed to sell its global juice blends business for an undisclosed price to Wild Flavors GmbH, a German firm.
Minnetonka-based Cargill's juice business has more than $200 million in annual sales and is a leading provider of blends and compounds for fruit beverages and juice concentrates. It has production and tank farm storage facilities in New Jersey, the Netherlands and Japan.
The deal is the second sale of a Cargill ingredients business in the past year. In September, Cargill agreed to sell its global flavors operation, which had about $200 million in revenue, to Kerry Group for $230 million.
Both the juice and flavoring businesses are relatively small parts of Cargill's sprawling food ingredients segment, which encompasses everything from meat processing to chocolate production.
MIKE HUGHLETT
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