Cargill Cotton Limited has officially 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.
"Cargill is a private owned company based in the
United States and they have acquired 100% of Clark Cotton Malawi but this deal
was finalised last year and now we are implementing the name change," said the
company's country manager Frans Grey.
He added that the recent
transformation would not in any way affect the operations of the company which
owns two cotton ginneries in the country. "We will continue with our trade as
buyers and processors of cotton nothing will be affected if not then we may
offer more as the year progresses," said Grey. 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.Related
Cargill Cotton Limited To
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