Golden Peanut buys assets of South African company

by Jeff Gelski
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DECATUR, ILL. — Golden Peanut Co. L.L.C. has acquired the assets of SA Groundnut Marketing (PTY) Ltd. (SAGM), which includes a facility in Hoopstad, South Africa. Golden Peanut had been managing operation of the plant under contract with SAGM since April.

“The facility in Hoopstad will help us serve our customers by adding to our global capacity while expanding our grower network in one of the best peanut growing regions in South Africa,” said Krist Lutt, president of Golden Peanut Co., when the acquisition was announced Aug. 6.

SAGM will become part of Golden Peanut and Tree Nut S.A. Golden Peanut, based in Alpharetta, Ga., is a wholly-owned subsidiary of Decatur-based Archer Daniels Midland Co. Golden Peanut entered the South African peanut market last year by purchasing an 80% ownership stake in a bulk warehouse and a shelling plant in Hartswater.
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