Archer Daniels Midland Company (NYSE: ADM) today announced it has signed an agreement to purchase the remaining 50 percent stake of Gleadell Agriculture Ltd., currently jointly owned by ADM and InVivo, including Gleadell’s wholly owned subsidiary Dunns (Long Sutton) Ltd. ADM will merge Gleadell and Dunns with ADM Arkady, ADM’s UK destination marketing business, and ADM Direct UK, ADM’s specialist combinable crop origination business to create ADM Agriculture Ltd, thus strengthening ADM’s presence across the UK.
The transaction will increase ADM’s origination, storage and destination marketing capabilities in the UK, allowing it to serve as the trading partner of choice for even more farmers and customers.
Established in 1880, Gleadell Agriculture Ltd. is a leading supplier of combinable crops to UK millers, feed compounders and other consumers, and a major exporter of grains, oilseeds and pulses to EU markets and further afield. The company sources crops directly from UK farmers and supplies certified seed and fertilizers. Key assets include port storage and ship loading operations along with extensive pulse and agricultural seed processing and storage.
“With significant storage and processing capability and a longstanding reputation for being a safe and trusted trading partner, Gleadell and Dunns will be great additions to our business in the UK,” said Gary McGuigan, ADM’s president of Global Trade. “We are excited to expand our capabilities, not only to continue our strategic growth, but also to support our farmers and our customers as they work to address fast-growing consumer demand.”
The deal, which is subject to regulatory review, is expected to close during the first quarter of 2019.
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.
For more information, please visit: www.adm.com
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 31,000 employees serving customers in more than 170 countries. With a global value chain that includes 500 crop procurement locations, 270 food and feed ingredient manufacturing facilities, 44 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
Established in 1880 Gleadell Agriculture Ltd is an independent, major trader of grain in the UK and, in volatile and risk-laden markets, is a safe and trusted trading partner for farmers and consumers. Gleadell is a significant supplier to UK millers, maltsters, feed compounders and other consumers of grain and a leading exporter of all grains, oilseeds and pulses to markets in the EU and further afield. As a growing force in the sourcing and delivery of home-produced and imported fertilizer, Gleadell is also a large trader of organic grain in the UK. Gleadell offers a seed portfolio that covers market leading varieties sourced directly from UK and overseas breeders to meet the needs of both the farmer and the food and feed ingredient sectors, along with a small seeds online platform offering environmental mixtures and game cover.
Established in 1834, Dunns (Long Sutton) Ltd is amongst the oldest agricultural businesses in the UK, based in South Lincolnshire. Dunns is one of the largest pulse and agricultural seed processors in the UK with two separate sides to our business. They are a major UK agricultural seed wholesale company and producer of specialist premium quality pulse products for worldwide human consumption markets.