ADM and Matsutani Form Joint Venture for Sales and Marketing of Fibersol-2™
ADM and Matsutani Form Joint Venture for Sales and Marketing of Fibersol-2™
6/13/2006
Archer Daniels Midland Company today announced the formation of a joint venture between ADM, Matsutani Chemical Industry Co., Ltd., and Matsutani America, Inc. The joint venture, which officially formed May 1, 2006, supports the worldwide sales and marketing of food ingredient Fibersol-2™.
Fibersol-2 is a soluble dietary fiber ingredient that can be used in a variety of food and beverage applications as well as dietary supplements. Invented by Japan’s Matsutani Chemical Industry Co., Ltd., Fibersol-2 has been exclusively produced at ADM’s Clinton, IA, facility since 1999. ADM will continue to manufacture Fibersol-2 for both Matsutani Chemical and the joint venture.
The joint venture combines Matsutani’s strong technical and scientific expertise with ADM’s vast production facilities and transportation network, resulting in a quality food ingredient that is backed by highly-consistent service and more readily-available supply.
“With the increased attention to health and to the deficiency of dietary fiber in the human diet, we have seen an increased demand for Fibersol-2 in both the U.S. and worldwide markets,” said Kris Lutt, Vice President, ADM Corn Processing. “With the formation of this joint venture, we hope to better service customers’ demands today and envision their needs for tomorrow.”
About ADM
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners and flour. In addition, ADM produces value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 25,000 employees, more than 250 processing plants and net sales for the fiscal year ended June 30, 2005 of $35.9 billion. Additional information can be found on ADM's Web site at http://www.adm.com.
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