BLOG

ADM acquires Moroccan processing facility

15 March 20161 min reading
ADM announced that it has agreed to acquire a Morocco-based corn wet mill. h_75_1 One of the world’s largest agricultural processors and food ingredient providers, Archer Daniels Midland Company announced that it has agreed to acquire from Tate & Lyle a Casablanca, Morocco-based corn wet mill that produces glucose and native starch. The acquisition is subject to regulatory approval. ADM targets closing during the first half of 2016. “The Morocco plant, which serves both global and regional customers in the food, feed, paper and corrugated board industries, is a great addition to our global sweeteners and starches footprint,” said Chris Cuddy, president of ADM’s Corn Processing business unit. “The facility is the leading sweetener and starch supplier in a country that should see substantial demand growth in the coming years. It is well-positioned to serve Moroccan customers as well as Mediterranean export markets. This also represents an opportunity to help introduce a wider range of ADM food and feed ingredients to the Moroccan market.”
Articles in News Category
04 August 20192 min reading

Rising carbon dioxide levels could boost wheat yield but slightly reduce nutritional quality

Levels of atmospheric carbon dioxide (CO2) are rising, which experts predict could produce more dro...

11 November 20192 min reading

14th Fumigants & Pheromones conference to be hosted in Zimbabwe

Insects Limited, Inc. and Fumigation Service & Supply, Inc. will be hosting the 14th Fumigants ...

18 February 20202 min reading

Wheat shipments to Asia from Argentina to increase

Argentine wheat shipments to Asia are poised to climb to a record high over the next two months a...