Global food processing company Archer Daniels Midland has been fined $US1 million ($A1.37 million) by the Australian Competition and Consumer Commission (ACCC) for misleading consumers about its beef products. Zacks Investment Research The acquisition of the German firm, which has operations in Europe, Japan and the US, follows ADM's $165m purchase of the citrus-oil provider Florida Chemical Company. ADM is likely to see benefits from Ziegler technology and citrus capabilities, while Ziegler will be able to take advantage of ADM's global reach and ingredients portfolio.
Global food processing company Archer Daniels Midland has been fined $US1 million ($A1.37 million) by the Australian Competition and Consumer Commission (ACCC) for misleading consumers about its beef products. The acquisition of the German firm, which has operations in Europe, Japan and the US, follows ADM's $165m purchase of the citrus-oil provider Florida Chemical Company. ADM is likely to see benefits from Ziegler technology and citrus capabilities, while Ziegler will be able to take advantage of ADM's global reach and ingredients portfolio.