June 9, 2011 / 12:37 PM / in 6 years

Cargill to buy Italian feed company

NEW YORK (Reuters) - U.S. agriculture giant Cargill Inc CARG.UL plans to buy Italian animal feed company Raggio di Sole to build its business in dairy and other segments.

<p>A logo is pictured on the building of Cargill International SA in Geneva August 4, 2009. REUTERS/Denis Balibouse</p>

No terms for the deal were disclosed and the acquisition is subject to regulatory approval, Cargill said on Thursday.

Cargill, which operates in 66 countries and has had a presence in Italy for about 50 years, said the deal will also serve customers in the growing retail segment that serves owners of pets and hobby animals.

Raggio di Sole has four locations in Italy and employs 150 people.

Last week, Cargill bought Central American poultry and meat processor Corporacion Pipasa.

Reporting by Phil Wahba; Editing by Derek Caney

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