- Addition of five new facilities, including four extrusion plants and a highly efficient packaging facility, significantly increases company’s capabilities in fast-growing pet food market
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) announced today that it has
signed an agreement to acquire Crosswind Industries, Inc., a
Kansas-based producer of dry-expanded, dual-texture, semi-dry and
semi-moist treat products for pets.
“The global pet food industry represents a strong opportunity for
strategic growth, especially for a company with the global resources of
ADM,” said Brent Fenton, president of ADM’s Animal Nutrition business.
“ADM already sells more than 50 ingredients and commodities that are
used by more than 70 percent of all pet food companies in North America.
Now, we’re taking the next step with the addition of Crosswind
Industries to our global network. With five production facilities and a
wide range of successful products, Crosswind represents a strong
opportunity to expand our capabilities, and a great fit not just with
the Animal Nutrition business, but across ADM’s wider portfolio of
ingredients, colors and flavors for pets. We’re looking forward to
combining Crosswind’s operations and products with our own to provide
customers an even broader array of products and services.”
Crosswind Industries is an industry leader in the manufacture of
contract and private label pet treats and foods, as well as specialty
ingredients. Its 300 employees operate five processing lines across five
Kansas facilities, with nine “ready for retail” packaging lines.
“Since early 2015, we have announced or completed several organic growth
and improvement projects for our Animal Nutrition business across the
U.S., as well as overseas,” Fenton continued. “We’ve also been active on
the M&A front, with the acquisition of Lyrco Nutrition and the creation
of our Alliance Liquid Feeds joint venture. Now, with the addition of
Crosswinds, we are continuing our efforts to grow our business so as to
set the industry standard and ensure that we are continuing to meet
growing customer needs for quality animal nutrition products.”
ADM anticipates closing the deal in the coming weeks.
Some of the above statements constitute forward-looking statements.
ADM’s filings with the SEC provide detailed information on such
statements and risks, and should be consulted along with this release.
To the extent permitted under applicable law, ADM assumes no obligation
to update any forward-looking statements.
About ADM Animal Nutrition
ADM Animal Nutrition is a leading manufacturing, nutrition and marketing
business offering a wide range of innovative products for the animal
nutrition market. Known as a global leader in amino acids, ADM Animal
Nutrition also offers consistent, high-quality feed products,
supplements, premixes, custom ingredient blends and specialty feed
ingredients designed to provide leading-edge solutions, enabling our
customers to meet and optimize animal health and nutrition goals. Learn
more at www.ADMAnimalNutrition.com.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with more than
32,300 employees serving customers in more than 160 countries. With a
global value chain that includes 428 crop procurement locations, 280
ingredient manufacturing facilities, 39 innovation centers and the
world’s premier crop transportation network, we connect the harvest to
the home, making products for food, animal feed, industrial and energy
uses. Learn more at www.adm.com.
Archer Daniels Midland Company