Molinos Río de la Plata (BCBA: MOLI) is Argentina's largest branded food products company. The company is a large exporter of sunflower processed oil and is one of Argentina's main exporters of bottled oil. Molinos also produces a wide range of packaged foods for domestic consumption, including bottled oil, margarine, pasta, pre-mixes, packaged flours, yerba mate, rice, cold cuts, and frozen foods.
Overview
Molinos Río de la Plata (Molinos) originated with the 1899 establishment of Centenera, a food processing plant, by Bunge y Born, then a prominent local wheat milling company established by Belgian immigrants in 1884. They had one of the largest wheat mills in the country built on a Puerto Madero lot in 1902, and with it, established Molinos Río de la Plata (later a leader in the local retail foods market).[1]
Bunge & Born divested itself of almost all its retail foods interests in 1998, however, and was reorganized as Bunge Limited, upon which a controlling stake in Molinos was sold to Gregorio Pérez Companc.[2]