"Cargill to Sell Hazelnut Business
Jun 12,2006-Transfer of assets should be completed by the end of June. Today's announcement means that Cargill will no longer have any hazelnut processing operations.
12/06/06 Cargill’s Turkish hazelnut business employees about 70 operators in a processing facility that cleans, roasts, sorts and packages the hazelnuts. Cargill’s operational staff at the facility will now transfer to Durak Findik.
The decision to sell comes after a strategic review by Cargill that clearly identified the need to source directly from farmers and also shell hazelnuts. Cargill has made a strategic decision not to invest in these areas and is confident that the business will have a greater chances of growing and reaching its full potential as part of Durak Findik."
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