ADM and Planters Cotton Oil Mill Reach Agreement for Cottonseed Processing Joint Venture

CHICAGO and PINE BLUFF, Arkansas — ADM (NYSE: ADM), a global leader in innovative solutions from nature, and Planters Cotton Oil Mill, Inc., a premier, gin-owned cooperative cottonseed processor, announced today that they have reached an agreement to launch a new cottonseed joint venture to better serve both suppliers and customers.

Planters will contribute its crush plant in Pine Bluff, Arkansas, as well as additional origination and storage facilities located in the region, to the joint venture. ADM will contribute its Memphis, Tennessee, cottonseed facility; it is expected that the Memphis facility's oil refinery will operate as part of the joint venture, while crushing operations at the Memphis facility will end.

The new standalone company is expected to be governed by a board with equal representation from both parent companies. It would be 60% owned by ADM.

"ADM is continuing to strengthen its portfolio, delivering on opportunities for strategic simplification and ensuring we have the right footprint to serve our stakeholders and position ourselves for continued growth going forward," said Fred Serven, general manager of ADM's cottonseed business. "This new joint venture will help ensure the continued strength, stability and efficiency of the cottonseed supply chain, from farmers to gins to end customers."

"This partnership marks an exciting new chapter for Planters Cotton Oil Mill," said Cody Young, chief executive officer of Planters. "By uniting our expertise, facilities, and gin-owned heritage, we are strengthening our ability to deliver high-quality products while creating greater value for our members, customers, and the broader agricultural community. This joint venture represents a thoughtful step in our industry by enhancing efficiency and sustainability for the future."

The companies intend to complete the transaction and formally launch the joint venture in the first quarter of 2026. 

Media Contacts
ADM
Jackie Anderson 
media@adm.com
312-634-8484

Planters
Cody Young
Cyoung@plantersoil.com
870-534-3631

About ADM
ADM unlocks the power of nature to enrich the quality of life. We're an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We're a premier human and animal nutrition provider, offering one of the industry's broadest portfolios of ingredients and solutions from nature. We're a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We're a cutting-edge innovator, guiding the way to a future of new bio-based consumer and industrial solutions. And we're leading in business-driven sustainability efforts that support a strong agricultural sector, resilient supply chains, and a vast and growing bioeconomy. Around the globe, our expertise and innovation are meeting critical needs from harvest to home. Learn more at www.adm.com.

About Planters Cotton Oil Mill Inc.
Founded in 1977 and headquartered in Pine Bluff, Arkansas, Planters Cotton Oil Mill, Inc. is a gin-owned cooperative that processes cottonseed into high-quality cottonseed oil, meal, and hulls for domestic and international markets. With a strong commitment to operational excellence, sustainability, and value creation for its member growers, Planters has long been a trusted leader in the Mid-South agricultural and oilseed industries.

Forward-Looking Statements Regarding ADM
This release includes statements that constitute "forward-looking statements" under the securities laws. All forward-looking statements involve risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include those described in ADM's filings with the SEC. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.