ADM to Acquire Chamtor, Strengthens European Sweetener Footprint

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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.

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Archer Daniels Midland Company (ADM)

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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. 

Baking & Cereals
ADM supplies the baking industry with over 400 staple baking ingredients. Our product offerings also include a full line of cocoa powders, and chocolate and compound products in a variety of forms to meet a wide range of customer applications.

Beverages
ADM is a world leader in corn sweeteners, dextrose, crystalline fructose, maltodextrin, cocoa powders, citric and lactic acids, but we also offer nutritional ingredients such as natural-source vitamin E, soy protein, including organic, and even flavorless, textureless and colorless fiber.

Candy & Confectionery
ADM is the world’s premier producer of cocoa, cocoa butter and chocolate, including the Ambrosia®, deZaan™ and Merckens® brands. We also supply lecithin and other emulsifiers, food acids, corn sweeteners, starches and maltodextrins.

Dairy
Consumers love the wholesomeness of dairy foods, and new ones are appearing every day – like flavored milks in convenience packaging, or the new yogurts that you can both drink and pour. ADM has a stable of ingredients that can help make your dairy products taste great, while maintaining their freshness and stability.

Meat Products
ADM offers the most complete range of soy proteins for processed meat applications including cold cuts, hot dogs and sausages. ADM ingredients also enhance whole muscle meat products while improving taste, juiciness and moisture retention, for maximum cost effectiveness and value.

Other Processed Foods
ADM capabilities help frozen foods stay fresher longer, keep the beans in soup unbroken, and ensure that the oil and water in salad dressings stays emulsified.

Snack Foods
Consumers today want snacks in more varieties and with more healthful qualities. ADM can help you compete in this fast-changing marketplace with all the essential ingredients you need, plus an ever-growing line of functional and nutritional ingredients.

 

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