Cargill is getting back into the candle business with the purchase of NatureWax, a market-leading provider of natural waxes.
Minnetonka-based Cargill owned NatureWax from its inception in the late 1990s until 2007, when it was sold to its current parent company, Elevance Renewable Sciences. Cargill said Tuesday that it has bought back NatureWax for an undisclosed price.
Woodridge, Ill.-based NatureWax makes vegetable-based waxes, which Cargill says are gaining in popularity because they burn cleaner and longer than petroleum-based paraffin waxes. Vegetable waxes are also easier to imbue with fragrances.
NatureWax will be part of Cargill's bio-industrial business.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Nation
Supreme Court sides with music producer in copyright case over sample in Flo Rida hit
The Supreme Court sided with a music producer in a copyright case Thursday, allowing him to seek more than a decade's worth of damages over a sample used in a hit Flo Rida song.
Business
Top public relations executive at Chinese technology firm Baidu apologizes after sparking backlash
A top public relations executive from Chinese technology firm Baidu apologized Thursday after she made comments in a series of videos that critics said glorified a culture of overwork.
Business
Virginia judge to decide whether state law considers embryos as property
A trial is underway in Virginia that will determine whether state law allows frozen embryos to be considered property that can be divided up and assigned a monetary value.
Business
Argentina labor unions' 24-hour strike against President Milei paralyzes daily life
Argentina's biggest trade unions mounted one of their fiercest challenges to the libertarian government of President Javier Milei, staging a mass general strike on Thursday that led to the cancellation of hundreds of flights and halted key bus, rail and subway lines.
Business
Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?
Salad chain Sweetgreen is adding steak to its menu, an announcement that led to strong reactions online, with customers questioning how that would impact the company's carbon neutral plans.