Leading agricultural processor & food ingredient provider Archer Daniels Midland (ADM) plans to expand into Europe by acquiring France based sweeteners and starches producer Chamtor.
ADM is already expanding its footprint in Eastern Europe and the new acquisition will add to its presence in Western parts.
70% of the European starch and derivatives market is in Western Europe, thus the new acquisition will help ADM to have a competitive position as Chamtor is located in the heart of the European wheat belt. ADM can reach Western European sweetener and starch customers, particularly in France, Germany, Belgium and the Netherlands with this new addition.
Chamtor produces glucose, starch and proteins from wheat.
ADM’s other business ventures in Europe are – full ownership in corn wet milling facilities in Bulgaria and Turkey in 2015, 50% stakes in another wet mill in Hungary as well as acquisition of a sweetener and starch facility in Morocco. Plus it has expansion plans for the Turkey and Bulgaria plants.
Learn more about ADM’s Starch ventures via their session at CMT’s 2nd Starch World Europe on 30-31 October, 2017 in Budapest, Hungary.
Contact Ms. Huiyan at firstname.lastname@example.org or call +65 6346 9113 for more details.