Stratas Foods will serve the foodservice, specialty food ingredient and retail private label bottled oil markets. It is expected to produce 2.5 billion pounds of oil in its first full year of operation. Its broad portfolio of products includes vegetable oil, shortening, margarine and pan spray, and its foodservice brands include Whirl and Frymax.

Headquartered in Memphis, Tenn., the joint venture combines the sales and marketing expertise of ACH and the origination and processing capabilities of ADM. It will offer an integrated supply chain, exceptional processing capabilities, product development and customer relations. Dan Antonelli, currently president of ACH, is chief executive officer of Stratas Foods.