ADM Reaches Agreement to Acquire AOR N.V.
March 30 2015 - 7:49AM
Business Wire
Oil bottling capacity enhances ADM’s presence
in Europe, offers entry into retail and foodservice markets
Archer Daniels Midland Company (NYSE:ADM) announced today that
it has reached an agreement to purchase AOR N.V., a privately held
oil bottling company based in Antwerp, Belgium. AOR is a leader in
the bottling and distribution of edible oils in Europe, with
customers across the continent and a substantial export business.
Its brands include Oilio® and Coroli®.
“This acquisition will allow us to expand our product offerings
and customer base in Europe, offering entry into the continental
European retail and foodservice markets and an enhanced ability to
export value-added products internationally,” said Matt Jansen,
president of ADM’s Oilseeds Processing business. “AOR is a leading
company in the European packaged oils industry. It is a bolt-on
acquisition that can be fully integrated into our operations, and
offers excellent opportunities for profitable growth.
“ADM is continuing to execute on our strategy to increase
returns by optimizing our core businesses and expanding
strategically,” Jansen added. “The AOR business represents growth
into new markets as well as new, higher-margin demand for the oils
produced by our European operations.”
The proposed transaction is contingent on regulatory
approvals.
About AOR
AOR is a privately-owned company specializing in the bottling
and distribution of edible oils, with a fully-automated warehouse
and operations on the water at the Port of Antwerp. AOR serves
customers across Europe, with particular strength in northwest
Europe (Belgium, the Netherlands, Luxembourg), and has a
substantial export business.
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
more than 33,000 employees serving customers in more than 140
countries. With a global value chain that includes more than 460
crop procurement locations, 300 ingredient manufacturing
facilities, 40 innovation centers and the world’s premier crop
transportation network, we connect the harvest to the home, making
products for food, animal feed, chemical and energy uses. Learn
more at www.adm.com.
Archer Daniels Midland CompanyJackie Anderson,
312-634-8484Media Relationsmedia@adm.com
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