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 of Aston’s corn wet mills in Ibred and Novlyanka, which are strategically located close to major customers in the Russian food and beverage industry. “ADM has substantially added to our global sweeteners and starches capabilities…

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