ADM to acquire Gleadell Agriculture Ltd and Dunns Ltd, combining to create ADM Agriculture Ltd. further increasing customer service and processing capabilities, widening existing UK footprint, and strengthening ADM’s presence nationwide.
Archer Daniels Midland Company (ADM) has announced it has signed an agreement to purchase the remaining 50% 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.
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 1Q19.
Read the article online at: https://www.worldfertilizer.com/special-reports/18012019/adm-to-acquire-gleadell-agriculture-ltd-and-dunns-ltd/
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