US energy giant ADM has agreed to acquire two soyabean processing facilities from Brazil 's Algar Agro for an undisclosed amount . The two new crush and oil refining facilities 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 ##s . “We’re excited about this bolt-on acquisition, and about all of the actions we are taking to deliver on our strategic plan to enhance shareholder value.” The deal is expected to strengthen ADM 's position in the Brazilian meal and bottled oil markets .
US energy giant ADM has agreed to acquire two soyabean processing facilities from Brazil 's Algar Agro for an undisclosed amount . The two new crush and oil refining facilities 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 ##s . The deal is expected to strengthen ADM 's position in the Brazilian meal and bottled oil markets .