ADM acquires oilseed processing facilities in India
Sept. 6, 2011
DECATUR, ILL. — Archer Daniels Midland Co. has acquired two oilseeds processing facilities in India from Geepee Agri Private Ltd.
“This acquisition advances ADM’s strategy to expand the size and global reach of our operations and increases our presence in the growing Indian market,” said Brent Fenton, president of ADM Europe. “ADM will integrate these operations into our global supply chain, strengthening our oilseeds processing activities in India and further advancing ADM’s leadership in global agricultural processing.”
The facilities are in the cities of Kota and Akola and process rapeseed, soy and palm. The new acquisitions are in addition to the company’s recent purchase of Tinna Oils and the purchase of the soybean processing assets of Madhur Agro earlier this year. The company also has established a new Indian headquarters office in Gurgaon, and it will oversee ADM’s operations in India and manage sales, purchasing and administrative work in the country.
“These new assets support ADM’s expansion of our oilseeds origination networks in Central Asia, which is a region of great interest to our business,” said Kevin Eikerman, managing director of ADM Oilseeds India. “The close proximity of suppliers and customers, coupled with ADM’s global reach and export capabilities will open excellent market opportunities to connect local crops with global markets.”