March 3, 2008

Cargill acquires Clark Cotton Malawi

Cargill Cotton Limited has announced the acquisition of Clark Cotton Malawi Limited effective from last year.

The development has led to a name change of the firm to Cargill Cotton Limited.

Frans Grey, the company's country manager, said the recent transformation would not in any way affect the operations of the company which owns two cotton ginneries in the country.

Cotton is Malawi's third biggest export and the company buys and processes it locally before selling it to manufacturers within the country and abroad.

Cargill, which operates grain handling and crop input facilities has business interests in meat, egg and oilseed processing, animal feed, salt, chocolate, natural gas, crop inputs, as well as grain handling, merchandising and milling.