Bunge Brasil said it has agreed to acquire Brazilian wheat processor Moinho Pacifico.

SÃO PAULO, BRAZIL — Bunge Brasil, a wholly owned subsidiary of Bunge Ltd., said it has agreed to acquire Brazilian wheat processor Moinho Pacifico. Financial terms of the transaction were not disclosed. Located in Santos, Brazil, Moinho Pacifico is one of the largest wheat processors in the country. Bunge said the acquisition will allow it to increase its market share for wheat flour and some prepared mixes for the bread-making industry. “The Brazilian wheat processing market is highly competitive, and, with this acquisition, we reinforce our position in São Paulo,” said Filipe Affonso Ferreira, vice-president of Food & Ingredients Bunge Brazil.