ADM Expands Destination Marketing Capabilities with Completion of Industries Centers Acquisition
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ADM Israel will offer global capabilities to meet customer needs in
Israel
CHICAGO–(BUSINESS WIRE)–Archer Daniels Midland Company (NYSE: ADM) announced today that it has
completed its acquisition of a controlling interest in Industries
Centers, which will now be known as ADM Israel.
“By combining ADM’s unparalleled global network with the experience and
capabilities of Industries Centers, ADM Israel offers customers in
Israel unequalled service, including end-to-end supply chain
management,” said Joe Taets, president of ADM’s Agricultural Services
business unit. “We’re looking forward to expanding to offer both new and
existing customers in Israel a wide array of products, from soybean meal
to grains to feed ingredients.”
ADM Israel, which serves a significant and diversified customer base
within Israel, operates a 45,000 MT storage facility strategically
located at the Port of Ashdod.
“This is yet another way in which ADM is expanding its global
origination and distribution network into new geographies, and growing
our capability to deliver products from around the globe directly to
customers,” Taets added. “From our Medsofts joint venture to our ports
on the Black Sea to our new venture here in Israel, we are committed to
enhancing our global origination and logistics capabilities so that we
can offer customers around the world best-in-class service.”
Omer Eran, CEO, ADM Israel, added, “Having been a customer of ADM for so
many years, it is a proud day for all of us at Industries Centers, as we
partner with ADM and begin a new journey together as ADM Israel.”
Forward-Looking Statements
Some of the above statements constitute forward-looking statements.
ADM’s filings with the SEC provide detailed information on such
statements and risks, and should be consulted along with this release.
To the extent permitted under applicable law, ADM assumes no obligation
to update any forward-looking statements.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with
approximately 32,000 employees serving customers in more than 160
countries. With a global value chain that includes approximately 500
crop procurement locations, 250 ingredient manufacturing facilities, 38
innovation centers and the world’s premier crop transportation network,
we connect the harvest to the home, making products for food, animal
feed, industrial and energy uses. Learn more at www.adm.com.
Contacts
Archer Daniels Midland Company
Media Relations
Jackie
Anderson
[email protected]
+1
312-634-8484
or
Aurelie Giles
[email protected]
+41
21 702 84 00