ADM Acquires German Rapeseed Crushing Plant
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has signed an agreement to acquire the assets of Campa Sued GmbH & Co KG, subject to clearance by relevant antitrust authorities.
Campa Sued GmbH & Co KG, based in Straubing, Southern Germany, operates a rapeseed crushing plant that produces oil and meal for the food, feed and BioEnergy markets.
“As ADM expands its leadership position in agricultural processing, this acquisition strengthens our softseed activities in Central and Eastern Europe, where we previously had no processing presence,” said Joe Taets, managing director, ADM Europe. “Campa’s location on the Danube River, with a presence close to the markets of the Czech Republic, Hungary and Slovakia, will provide excellent additional market opportunities for ADM.”
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 240 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about our Company and our products, visit http://www.adm.com.