March 25, 2019 / 6:27 AM / 3 months ago

Corbion plans to buy Granotec do Brazil in $45 mln deal

March 25 (Reuters) - Dutch food ingredients company Corbion said on Monday it plans to acquire Granotec do Brazil for $45 million, in a bid to boost further its expansion in food ingredients in Latin America.

The Netherlands-based company will finance the acquisition from its existing debt facilities after customary approvals are likely granted by the first half of 2019, Corbion said in a statement.

Reporting by Pawel Goraj; Editing by Rashmi Aich ;

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