News last update:6 Aug 2012

Cargill buys Clark Cotton Malawi

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.

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Cargill Cotton Limited

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