Uberlandia grain trader ADM has agreed to acquire five soyabean processing facilities from Brazil 's Algar Agro for an undisclosed amount. The two integrated crush and oil refining plants in US and Porto Franco will join ADM 's oilseed network that includes five soyabean processing plants, a sunflower facility and two biodiesel refineries. Oilseeds business said: “ADM is already the most diversified oilseeds processor in the world, and now we are once more expanding our capabilities to help meet growing global demand. The deal will also give ADM access to Algar Agro network of origination and storage silos in Brazil , adding to ADM 's current network with capacity of 2.2 million metric tonnes of oilseed products. The deal is expected to strengthen ADM 's position in the Brazilian meal and bottled oil markets.
Uberlandia grain trader ADM has agreed to acquire five soyabean processing facilities from Brazil 's Algar Agro for an undisclosed amount. The two integrated crush and oil refining plants in US and Porto Franco will join ADM 's oilseed network that includes five soyabean processing plants, a sunflower facility and two biodiesel refineries. The deal will also give ADM access to Algar Agro network of origination and storage silos in Brazil , adding to ADM 's current network with capacity of 2.2 million metric tonnes of oilseed products. The deal is expected to strengthen ADM 's position in the Brazilian meal and bottled oil markets.