ADM and Cargill successfully complete the soybean joint venture in Egypt

EGYPT - Archer Daniels Midland Company and Cargill have successfully completed their transaction and formally launched SoyVenTM their new joint venture to provide soybean meal and oil for customers in Egypt. According to the company, SoyVen owns and operates the National Vegetable Oil Company soy crush facility in Borg Al-Arab, along with related commercial and…

ADM acquires Probiotics International Limited for US$242m

USA - Archer Daniels Midland Company (ADM) has announced that it has reached an agreement to acquire Probiotics International Limited (PIL), a U.K.-based provider of probiotic supplements for human, pet, and production-animal use, valued at US$242 million. According to the company, the agreement will expand its health and wellness capabilities with the fully integrated probiotics…

ADM, DuPont partner to produce and market cellulose enzyme

USA - Archer Daniels Midland Co. (ADM), the global food processing and commodities trading corporation has announced a collaboration with DuPont Industrial Biosciences to develop, produce and market cellulose enzymes for operators of grain-based ethanol plants. According to ADM, cellulose enzymes assist in hydrolysing the corn kernel fiber, which consists mostly of cellulose and hemicellulose…

ADM adopts novel approach to tackle flavor issues in plant-sourced proteins

USA - Archer Daniels Midland Company, the American global food processing and commodities trading corporation said it was adopting novel plant protein approach to solve flavor and functionality issues in protein sourced from legumes like peas or ancient grains like quinoa. ADM processes plant protein sourced from soy and wheat with extensive selection including highly…

ADM opens a new high capacity facility in the US

USA - ADM Animal Nutrition has debuted a new high capacity premix facility in Effingham, Illinois, U.S to serve its wide pet food and animal nutrition category in the US. The new plant provides customers with higher standards for quality and process controls plus industry-leading technology needed to meet and exceed their needs, said Chuck…

Agricultural Cooperative Landus to buy ADM’s Iowa grain facility

USA - The farmer-owned agricultural cooperative, Landus, has signed an asset purchase agreement to acquire ADM’s grain facility in Manilla, Iowa at an undisclosed sum, set to take possession as from 1 June 2018. As part of the agreement, Landus Cooperative gains more than 2.3 million bushels of grain capacity for its first wholly-owned Crawford…

ADM nominates Michael S. Burke as new director to the company’s board

USA - Archer Daniels Midland, the American global food processing and commodities trading corporation has nominated Michael S. Burke as a new director to its board and he’ll stand for election to the board at the company’s upcoming annual shareholders’ meeting on May 3, 2018. The announcement was made during its 95th Annual Stockholders’ Meeting…

ADM restructures to accelerate growth as grains industry faces headwinds

USA - ADM is planning to realign its business for a second time in three years even as it battles falling grain margins, by forming new segments to enhance agility, drive innovation and align business operations. The company has realigned its business into four units including Carbohydrate Solutions, Nutrition, Oilseeds and Origination. with new formed…

Bunge and ADM talks stall amid pressures from investors

USA - Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, sources familiar with the matter said, throwing into question a combination that could have formed one of the world’s largest agricultural conglomerates. The two companies, already among the biggest global traders and processors of farm commodities, have been unable to reach…

ADM announces an agreement to acquire 50% stake in Russia’s Aston Foods

USA – ADM has announced an agreement to acquire 50% stake in Aston Foods, one of Russia’s largest producers of foodstuffs and ingredients and a leading exporter of agricultural goods and vegetable oils, as part of its expansion in the corn wet mill business. Under the terms of the agreement, ADM will become 50% owner…