Archer Daniels Midland Company Acquires Alimenta (USA), Inc.; Remaining Interest in Golden Peanut Company
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced that it has acquired all of the outstanding capital stock of Alimenta (USA), Inc., from Alimenta S.A., an international trading company based in Geneva, Switzerland. Alimenta (USA) is ADM’s 50 percent partner in Golden Peanut Company, LLC. As a result of this transaction, ADM now controls 100 percent of Golden Peanut Company.
Headquartered in Alpharetta, Ga., Golden Peanut Company is the largest U.S. handler, processor and exporter of peanuts, peanut oil and peanut-derived ingredients. Golden Peanut Company is also the leading peanut sheller and leading peanut oil refiner in the United States. The company’s operations include seven handling facilities located in peanut-producing regions of the United States and one facility in Argentina.
“Golden Peanut Company has a strong and diverse customer base,” said Steve Mills, ADM senior executive vice president, Performance and Growth. “With well-positioned assets, strong customer relationships and an experienced management team, we believe Golden Peanut Company will realize profitable growth in the future. In addition to generating solid financial returns, this acquisition will also create synergies with current ADM operations.”
As part of the transaction, ADM has agreed to not use the Alimenta name. Other terms of the agreement are not being disclosed.
Every day, the 29,000 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, 2010, were $62 billion. For more information about our company and our products, visit www.adm.com.
ADM Media Relations