Cargill has signed an agreement to buy Unliever's tomato products business in Brazil for around BRL600m (US$350.6m).

The acquisition will include the Pomarola, Tarantella, Elefante, Extratomato, and Pomodoro brands, and a manufacturing facility based in Goiania, Brazil (Goias State) and related manufacturing assets.

Under the agreement, Unilever will continue to market tomato products to the foodservice channel under these brands but Cargill will manufacture these items under a co-packaging agreement.

Cargill and Unilever expect to complete the deal by the end of the year. However, the deal remains subject to regulatory approval.