ADM buys remaining stake in peanut company

By Zoe Galland
Posted Jan. 4 at 11:31 a.m.

Archer Daniels Midland Co., the world’s largest corn processor and one of the largest U.S. ethanol producers, said in a statement Tuesday that it had acquired the outstanding capital stock of Alimenta (USA) Inc. to control 100 percent of Golden Peanut Co. LLC. Golden Peanut, which processes and exports peanuts, peanut oil and peanut-derived ingredients, is based in Alpharetta, Ga.

“Golden Peanut Company has a strong and diverse customer base,” said Steve Mills, senior executive vice president of Performance and Growth at ADM, which is based in Decatur. “With well-positioned assets, strong customer relationships and an experienced management team, we believe Golden Peanut Company will realize profitable growth in the future. In addition to generating solid financial returns, this acquisition will also create synergies with current ADM operations.”

Read more about the topics in this post: ,

Companies in this article

Archer Daniels Midland

Read more about this company »

Comments are closed.