SÃO PAULO, BRAZIL — Cargill has submitted a binding offer to acquire three soy crushing plants and four warehouses in Brazil from Granol, a privately owned soy crusher. Financial terms of the transaction were not disclosed.

According to Cargill, the transaction involves Granol soy and biodiesel crush plants in the cities of Anápolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses in the states of Goiás and Tocantins.

“The purchase intention is in line with Cargill’s growth strategy in Brazil and Latin America and reinforces the company’s purpose of nourishing the world in a safe, responsible, and sustainable way,” Cargill said.

According to Reuters, Granol will keep two soy processing plants in Sáo Paulo that make soy oil and soy meal. Those two plants comprise 30% of Granol’s original soy crushing capacity, Reuters noted.