St. Louis’ concentration of agriculture and plant science expertise has attracted a fresh influx of corporate growth.
The food and agriculture giant Bunge announced Tuesday that within the next year it would move its global headquarters to the St. Louis area from White Plains, New York. The development beefs up the company’s regional presence by adding to its existing North American headquarters in Chesterfield.
Bunge describes itself as “a world leader in sourcing, processing and supplying oilseed and grain products and ingredients,” according to a press release announcing the move. Based on its 2018 revenue of $45.7 billion, Bunge would become the second-biggest public company based in the St. Louis area. Centene is the largest, at $60 billion.
“While St. Louis is already an important hub for Bunge and our current North American operations, the city is also home to a number of food, agriculture, animal health, and plant science organizations and customers,” Bunge CEO Gregory Heckman said in the release. “We are grateful to have called White Plains home for many years, and now look forward to the new growth and development opportunities which our expanded St. Louis presence will provide.” The company did not provide information about the number of jobs that may be added locally related to the move.
The announcement said the transition is expected to be completed by the end of the second quarter next year.
The region has attracted other recent job growth in the industry from Bayer. Since the German life sciences company completed its acquisition of Creve Coeur-based Monsanto last year, it has committed to adding 500 jobs to its regional presence.