ADM agrees to acquire rapeseed crushing plant
August 14, 2008
by Eric Schroeder
ROLLE, SWITZERLAND — Archer Daniels Midland Co. said it has signed an agreement to acquire the assets of Campa Sued GmbH & Co. KG. Based in Straubing, Southern Germany, Campa Sued GmbH operates a rapeseed crushing plant that produces oil and meal for the food, feed and Energy markets.
"As ADM expands its leadership position in agricultural processing, this acquisition strengthens our softseed activities in Central and Eastern Europe, where we previously had no processing presence," said Joe Taets, managing director, ADM Europe. "Campa’s location on the Danube river, with a presence close to the markets of the Czech Republic, Hungary and Slovakia, will provide excellent additional market opportunities for ADM."