Periculum Capital Company, LLC (“Periculum”) is pleased to announce the acquisition of Corn Flour Producers, LLC (“CFP”) by Bunge North America. Periculum acted as the exclusive financial adviser to CFP in connection with the transaction.
CFP is a wet mill manufacturer of high quality corn flour, or corn masa, located in southwestern Indiana. CFP was formed in February of 2004, and began operations in mid-2006 as a collaborative effort involving farmers, a flour milling engineering firm, and an owner of a tortilla manufacturing company.
Bunge North America is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the animal feed, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn, wheat and rice mills in the U.S., Canada and Mexico.
Though CFP had become a market leader in producing high quality masa, the founders decided it was time to transition the company to an owner that could accelerate the growth of the business. Periculum identified and negotiated with companies all over the world who were interested in continuing the growth of CFP. Ultimately, the shareholders of CFP determined Bunge was the best party to continue the CFP story.
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