Members News

ADM finalizes acquisition of Deerland Probiotics & Enzymes

CHICAGO, ILLINOIS, US — ADM on Nov. 19 completed its acquisition of Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes. Financial details of the transaction, which was first announced Nov. 3, were not disclosed.

“One of the fundamental structural demand trends driving ADM’s growth is consumers’ increasing focus on health and well-being, with global demand for health and wellness products estimated at more than $775 billion,” said Vince Macciocchi, president of ADM’s Nutrition business. “About 4 in 10 global consumers are seeking ...

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ADM, FBN announce expanded partnership

CHICAGO, ILLINOIS, US and SAN CARLOS, CALIFORNIA, US – Archer Daniels Midland (ADM) and Farmers Business Network (FBN) on Nov. 18 announced that ADM has made an equity investment as part of FBN’s latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation.

The companies said the partnership combines ADM’s scale and expertise across the global food and agriculture value chain with ...

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ADM opens new animal nutrition lab

ROLLE, SWITZERLAND – Archer Daniels Midland (ADM) announced on Nov. 15 the opening of its new animal nutrition laboratory located in Rolle, Switzerland.

The new lab will support the development of science-based feed additives to meet customer needs for petfood, aquaculture and livestock species worldwide, the company said.

ADM said scientists in the lab will accelerate the development of innovative products to address some of the main challenges of animal production with sustainability at the forefront. For example, scientists will develop precise ...

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ADM to acquire Deerland Probiotics & Enzymes

Chicago, ILLINOIS, US — ADM has reached an agreement to acquire Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes, a transaction ADM said will significantly expand its broad portfolio of health and wellness products and solutions. Financial terms of the transaction were not disclosed.

“The microbiome represents one of ADM’s six strategic growth platforms, and with global demand for health and wellness products estimated at more than $775 billion, today’s investment represents a significant step forward for ADM,” said Juan Luciano, chairman ...

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Strong gains in Ag Services and Oilseeds lift ADM quarterly profit

CHICAGO, ILLINOIS, US — Agile execution across a tightly integrated supply chain, boosted in large part by strong gains in the Ag Services and Oilseeds division, buoyed third-quarter earnings and revenues at ADM.

Net earnings at ADM totaled $526 million in the third quarter ended Sept. 30, equal to 93¢ per share on the common stock, up 134% from $225 million, or 40¢ per share, in the same period a year ago. Revenues in the quarter surged 34%, increasing to $20.34 ...

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ADM, Gevo to partner on sustainable aviation fuel

CHICAGO, ILLINOIS, US — ADM and Gevo, Inc. will work together to support the production of sustainable aviation fuel and other low carbon-footprint hydrocarbon fuels.

As part of the memorandum of understanding, ethanol and isobutanol would be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo’s processing technology and capabilities.

About 900 million gallons of ethanol produced at ADM’s dry mills in Columbus, Nebraska, US; Cedar Rapids, Iowa, US; and Decatur, Illinois, US, is expected to be processed with this technology. ...

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ADM agrees to sell Peoria ethanol plant

CHICAGO, ILLINOIS, US – Archer Daniels Midland Co. (ADM) announced on Oct. 21 that it has reached an agreement to sell its ethanol production complex in Peoria, Illinois, to BioUrja Group, a Houston, Texas, US-based company.

Juan Luciano, ADM’s chief executive officer, said the sale of the Peoria facility was an important element of the strategic review of its dry mill ethanol assets.

“By reducing our ethanol capacity by 135 million gallons and redeploying the resulting capital to other strategic growth investments, ...

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Advanced renewables a trend to watch, ADM says

CHICAGO, ILLINOIS, US — Advanced renewables, plant-based lifestyles, clean and transparent sourcing, and sustainable goodness are among the eight trends ADM sees fueling current and future global growth.

Drawing on research from its Outside Voice consumer insights platform, the company’s top trends for 2022 point the way for ADM’s innovation, renovation and development platforms, the company said. Many of the trends are being shaped by the coronavirus pandemic that has lingered for the past 18 months.

“Consumers today continue to navigate a ...

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Bühler to build oat mill for Suomen Viljava

UZWIL, SWITZERLAND — Bühler will build a new oat mill from Suomen Viljava in Finland.

Installation of the mill will start in September 2022 with operations starting in 2023. In addition to groats and flakes, the mill will produce oat hulls pellets for the Baltic rim countries’ feed and biofuel markets.

“Viljava has been planning an oat mill to Rauma for a long time and we are convinced that the cooperation with Bühler in this ambitious project will support us to reach ...

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Tom Kice honored at NAMA annual meeting

BOCA RATON, FLA. – Tom Kice, retired president and chief executive officer of Kice Industries, has been elected an honorary member of the North American Millers’ Association. Mr. Kice was named an honorary member in an Oct. 8 ceremony during the NAMA annual meeting at the Boca Raton Beach Club hotel in Boca Raton.

A native of Wichita, Mr. Kice graduated in 1972 from Wichita State University with a business administration degree. He served in the Kansas Air National Guard from ...

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