BAAR, SWITZERLAND — Glencore Xstrata PLC is looking to sell its Dakota Growers Pasta Co. business, which it acquired as part of its $6 billion purchase of Viterra last year, Reuters reported on July 9.
Glencore is working with Barclays PLC to sell St. Louis Park, Minnestota, U.S.-based Dakota Growers in a deal which could value the nation's third-largest pasta maker at $300 million to $400 million, Reuters reported.
Glencore has already sold a number of Viterra assets to Agrium Inc., CF Industries Holdings Inc. and Richardson International.
Viterra acquired Dakota Growers for $240 million in March 2010.
