Cargill announced in July 2013 it had completed the sale of its Untdelemn de la Bunica and Olpo oil brands and part of its manufacturing equipment to Expur, a division of France’s Sofiprotéol. It also announced it was shutting down its manufacturing unit in Dolj county, southern Romania.
The company said at that time the move was part of the group’s strategy to exit the Romanian vegetable oil market and focus on its agriculture operations.
In January this year, Cargill Oils announced it was selling the land and constructions that housed its vegetable oil factory in Dolj county. According to the local media, the assets were sold in September to local businessman Florin Purcea.
According to Finance Ministry data, Cargill Oils had a turnover of RON135.6 million (EUR30.6 million) in 2013, down 60% on the year, and a net profit of RON26.8 million (EUR6 million) from a loss of RON8.9 million (EUR2 million) in 2012.