US grain trader ADM has agreed to acquire two soyabean processing facilities from Brazil's Algar Agro for an undisclosed amount. The two integrated crush and oil refining plants in Uberlandia 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's 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. ADM has agreed a deal to acquire two Brazilian oilseed processing facilities from Algar Agro, the agri-food division of Grupo Algar, for an undisclosed figure. "We are pleased to have entered into this strategic partnership with the Brazilian company Algar, which is one of our largest customers outside North America," said David Taylor, president and CEO of ADM.
US grain trader ADM has agreed to acquire two soyabean processing facilities from Brazil's Algar Agro for an undisclosed amount. The two integrated crush and oil refining plants in Uberlandia 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's 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. "We are pleased to have entered into this strategic partnership with the Brazilian company Algar, which is one of our largest customers outside North America," said David Taylor, president and CEO of ADM.