Archer Daniels Midland Company to Acquire Carolina Soya

ADM will operate the grain storage facility, which has a storage capacity of three million bushels, but currently has no plans to operate the processing plant.

12/14/2010 --- Archer Daniels Midland Company has announced that the company will assume operation of Carolina Soya’s Estill, S.C., assets, which include a soybean storage facility and a shuttered soybean processing plant. ADM is in discussions with Carolina Soya to acquire the property and will lease the facility until the transaction is completed.

ADM will operate the grain storage facility, which has a storage capacity of three million bushels, but currently has no plans to operate the processing plant.

“This facility expands our soybean origination footprint in the Southeast,” said Greg Morris, ADM’s vice president of North American Oilseeds Processing. “We look forward to becoming a part of the Estill community and employing a local workforce, and to working with area growers to provide them with access to new marketing opportunities through our global network.”