Sale of Campa Süd GmbH & Co KG to Archer Daniels Midland Company
October 31 - ADM ACQUIRES GERMAN RAPESEED CRUSHING PLANT
Archer Daniels Midland Company (NYSE: ADM) announced today that it has completed the acquisition of the assets of Campa Sued GmbH & Co KG, after approval by the relevant antitrust authorities. The acquisition was announced on August 14, 2008.
These assets are located in Straubing, Southern Germany, and consist of a rapeseed crushing plant that produces oil and meal for the food, feed and energy markets.
“This acquisition strengthens ADM’s softseed activities in Central and Eastern Europe,” said Joe Taets, managing director, ADM Europe. “The plant’s presence close to the markets of the Czech Republic, Hungary and Slovakia will enable ADM to work directly with the farming sector for the origination of softseed crops and will further enable the company to expand its leadership position in agricultural processing.”
About ADM
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 240 processing plants, they convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses.
They operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. ADM´s global headquarters is in Decatur, Illinois, and their net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about the Company and their products, visit http://www.admworld.com/.
Corporate Finance Partners acted as an exclusive adviser to the insolvency administrator Bruno Fraas.
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These assets are located in Straubing, Southern Germany, and consist of a rapeseed crushing plant that produces oil and meal for the food, feed and energy markets.
“This acquisition strengthens ADM’s softseed activities in Central and Eastern Europe,” said Joe Taets, managing director, ADM Europe. “The plant’s presence close to the markets of the Czech Republic, Hungary and Slovakia will enable ADM to work directly with the farming sector for the origination of softseed crops and will further enable the company to expand its leadership position in agricultural processing.”
About ADM
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 240 processing plants, they convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses.
They operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. ADM´s global headquarters is in Decatur, Illinois, and their net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about the Company and their products, visit http://www.admworld.com/.
Corporate Finance Partners acted as an exclusive adviser to the insolvency administrator Bruno Fraas.
