-
Website will open in10seconds
ADM to Acquire Chamtor, Strengthens European Sweetener Footprint
28 Mar 2017 --- Archer Daniels Midland Company (ADM) have announced that it has been granted exclusivity in relation to the proposed purchase of Chamtor, a French producer of wheat-based sweeteners and starches. “After adding to our sweetener and starch capabilities in Eastern Europe, we are continuing to execute our strategy by expanding in Western Europe,” said Pierre Duprat, president, ADM Europe, Middle East and Africa. “Seventy percent of the European starch and derivatives market is in Western Europe. Chamtor is located in the heart of the European wheat belt, and is perfectly positioned to efficiently serve Western European sweetener and starch customers, particularly in France, Germany, Belgium and the Netherlands.” Chamtor, founded in 1992, produces glucose, starch and proteins from wheat. The company, which is currently owned by Vivescia Industries, is located in Reims, France, and has about 210 employees. In 2015, ADM purchased full ownership of corn wet mills in Bulgaria and Turkey, and a 50 percent stake in a wet mill in Hungary. Last year, the company acquired a sweetener and starch facility in Morocco, and announced expansion plans for the Turkey and Bulgaria plants. “One of the key elements of our strategy to grow shareholder value is the expansion and diversification of our global sweetener and starch capabilities,” said Chris Cuddy, president of ADM’s Corn Processing business. “With our significant and growing footprint, we are looking forward to efficiently serving sweetener and starch customers throughout Europe.” Under French law, the signing of an acquisition agreement is contingent upon informing and consulting with relevant employee representative bodies. Subject to that process, ADM is targeting completion of the sale, which requires regulatory approvals, by this summer. To contact our editorial team please email us at editorial@cnsmedia.com 
Archer Daniels Midland Company (ADM)
Collapse
COMPANY DETAILSArcher Daniels Midland Company (ADM) 77 West Wacker Drive, Suite 4600 Chicago Illinois 60601 United States
Tel. 312-634-8100 ACTIVE CATEGORIESAntioxidant Chemicals and Systems, Bakery Mixes and Other Bakery Products, Barley and Barley Products, Cocoa and Cocoa Products, Rice and Rice Products, Soya and Soya Products, Starch and Starch Products Many of the world’s largest and best-known food manufacturers rely on ADM for hundreds of essential food ingredients. Our high-quality ingredients from agriculture are in many of the products consumers use and enjoy every day, from grains and meats to salad oils, yogurt and chocolate.
Related ArticlesFood Ingredients News AgWater Challenge: Target and ADM outline commitments to protect freshwater resources
17 Oct 2018 --- Ceres and World Wildlife Fund (WWF) have announced the addition of Target, a general merchandise retailer that serves guests at more than 1,800 stores, and Archer Daniels Midland Company (ADM), one of the world’s largest agricultural processors and food ingredient providers, to the AgWater Challenge. The two companies’ new water stewardship commitments are to be shared at the Financial Times Water Summit in London. Business News Indian expansion: Nexira and Synthite reinforce partnership in world’s largest acacia gum market
17 Oct 2018 --- French-headquartered acacia gum world leader, Nexira and India-based spice oleoresins leader, Synthite have entered a partnership to produce acacia gum at Synthite’s manufacturing plant near Coimbatore in Tamil Nadu, southern India. This partnership augurs well for India – the world’s largest consumer of acacia gum – by offering various product references to food & beverage manufacturers, who use this gum widely for its technological and nutritional benefits. Food Ingredients News A turning point in history? World Food Day shines a light on eradicating hunger, boosting nutrition and mitigating climate change
16 Oct 2018 --- As the dust settles after last week’s stark warnings from climate change experts about how future drought, high temperatures and extreme weather events could seriously impact crops and supply chains, attention turns to World Food Day (WFD) which is being marked today with a campaign to eradicate hunger. Once again food security is on the agenda as key players meet in Rome to mark the day and urge a greater awareness and action for those who suffer from hunger and to ensure food security and nutritious diets for all. Food Ingredients News Beer shortages? Study reveals climate change could affect global beer supply
16 Oct 2018 --- Severe climate events could cause shortages in the global beer supply, according to new research involving the University of East Anglia (UEA). The study warns that increasingly widespread and severe drought and heat may cause substantial decreases in barley yields worldwide, affecting the supply used to make beer. This will ultimately result in “dramatic” declines in beer consumption and rises in beer prices. Food Ingredients News Food loss challenge: Rabobank’s start-up shortlist to help reduce food loss in Asia
15 Oct 2018 --- Rabobank is tackling the issue of food loss throughout the supply chain by focusing on holistic solutions and is running a competition where start-ups pitch their ideas to reduce food loss to food and agri industry leaders and investors. Through the Food Loss Challenge Asia, Rabobank aims to look for solutions to curb food loss from farm to market and is asking start-ups “Do you have an existing tech-based solution that reduces food loss from farm to market in Asia?” |
.jpg)
.jpg)
