Archer-Daniels-Midland Co
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Consumer Staples : Food Products | Mid Cap Value
Company profile

Archer-Daniels-Midland Company owns and operates grain elevator and transportation network to procure, store, clean, and transport agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, and barley. The Company’s operations are organized into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials. The Carbohydrate Solutions segment converts corn and wheat into products and ingredients used in the food and beverage industry, including sweeteners, corn and wheat starches, syrup, wheat flour and dextrose. The Nutrition segment engages in the manufacturing, sale, and distribution of various ingredients and solutions, including plant-based proteins, flavor systems, natural colors, emulsifiers, soluble fiber, enzymes, and other specialty food and feed ingredients.

Postmarket

Last Trade
Delayed
$71.04
0.04 (0.06%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$71.00
Day's Change
-0.27 (-0.38%)
Bid
--
Ask
--
B/A Size
--
Day's High
72.12
Day's Low
71.00
Volume
(Above Average)
Volume:
2,567,966

10-day average volume:
2,258,674
2,567,966

ADM Completes Acquisition of Deerland Probiotics & Enzymes

7:05 am ET November 19, 2021 (BusinessWire) Print

ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, today announced that it has completed its purchase of Deerland Probiotics & Enzymes.

"One of the fundamental structural demand trends driving ADM's growth is consumers' increasing focus on health and well-being, with global demand for health and wellness products estimated at more than $775 billion," said Vince Macciocchi, president of ADM's Nutrition business. "About 4 in 10 global consumers are seeking microbiome ingredients -- prebiotics, probiotics and postbiotics -- in customized food and beverage products. ADM's global capabilities and portfolio make it the unquestioned provider of choice to meet that demand. From our Protexin and Biopolis businesses in Europe, to our recently-announced proposed joint venture with Vland in China, to this most recent exciting addition of US-based Deerland, ADM today offers a truly global, full-service, science-backed Health & Wellness business that is well positioned to meet fast-growing demand from consumers who are eager for a wide variety of food, beverages and supplements that enhance health and wellbeing."

Deerland Probiotics & Enzymes is a trusted global provider of dietary supplements using probiotic, prebiotic, and enzyme technology, including a line of 12 branded products serving customers in areas including digestive health, immune health, women's health, food intolerance, sports nutrition, cellular repair, and systemic and cardiovascular health. The company's products and solutions include spore probiotics, which offer enhanced stability for a wider use in food and beverage, pet nutrition and supplement applications.

"I'm particularly proud to welcome the Deerland team to ADM," added Macciocchi. "They've built a truly groundbreaking business, and we're excited to work with them to power growth, strengthen ADM's innovation leadership in dietary supplements and functional foods, and serve customers around the world."

Forward-Looking Statements

Some of the above statements constitute forward-looking statements. ADM's filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We're a global leader in human and animal nutrition and the world's premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20211119005219/en/

SOURCE: ADM

ADM Media Relations 
Jackie Anderson
media@adm.com 
312-634-8484
comtex tracking

COMTEX_397267096/1006/2021-11-19T07:05:00

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