n">U.S. farming commodities dealer Cargill Inc aforesaid Tuesday it has sign a paw to takings NatureWax, an Illinois-based maker of veg oil-based waxes victimized to make candles. The heap is expected to completion at a afterward accompaniment, a Cargill spokesman said, but terms of the manus were not disclosed.
Veg oil-based wax, an choice to petroleum-based products, burns yearner and cleaner and is easier to impregnate with fragrances, Cargill said in a discharge.
Cargill is among the man's biggest oil producers and traders.
Cargill previously owned NatureWax from the late 1990s until 2007, when it was sold to the teem owner Elevance Renewable Sciences, Inc.
The 151-year-old grain dealer has recently been refocusing its operations by exiting lower-margin businesses and expanding deeper into higher-margin endeavors like alimental ingredients and aquaculture to capitalize on consumer trends such as simpler agent labels and bio-based products.
(Reportage by Karl Preen in Chicago; Editing by James Dalgleish)
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