Archer Daniels Midland Company Acquires English River Pellets
“With this acquisition, ADM establishes a strong footprint for our grain origination in Southeast Iowa,” said Joe Taets, president, ADM Grain.
Aug 4 2011 --- Archer Daniels Midland Company announced the acquisition of English River Pellets, Inc., a grain elevator and animal feed manufacturing business with locations in Kalona and Washington, Iowa. English River Pellets has a combined grain storage capacity of 2.4 million bushels and produces pelleted animal feed for livestock.
“With this acquisition, ADM establishes a strong footprint for our grain origination in Southeast Iowa,” said Joe Taets, president, ADM Grain. “We will use the elevator facilities in Kalona and Washington in part to originate crops for our soybean processing plant in Quincy, Ill., and corn processing plant in Cedar Rapids, Iowa.”
The animal feed portion of English River Pellets’ business will be operated by ADM Alliance Nutrition, Inc. Headquartered in Quincy, Ill., ADM Alliance Nutrition is a wholly owned subsidiary of ADM and a leading producer of livestock and poultry feeds and supplements.
With this acquisition, ADM brings expertise in local and global agricultural markets to area farmers. At ADM elevators throughout the country, growers find knowledgeable merchandisers and contract alternatives to help them market their crops in the most effective and profitable way. Online services through e-ADM.com deliver up-to-the-minute market news and analysis to assist farmers in making the best decisions possible. ADM’s knowledge combined with creative products and services help farmers make the most of their business.
