ADM Gains Full Ownership of Golden Peanut

January 4/Decatur, Ill./ADM Press Release -- Archer Daniels Midland Company (ADM) announced that it has acquired all of the outstanding capital stock of Alimenta (USA) Inc., from Alimenta S.A., an international trading company based in Geneva, Switzerland. Alimenta (USA) is ADM’s 50% partner in Golden Peanut Company LLC. As a result of this transaction, ADM now controls 100% of Golden Peanut Company.   

Headquartered in Alpharetta, Ga., Golden Peanut Company is among the largest U.S. handlers, processors and exporters of peanuts, peanut oil and peanut-derived ingredients. Golden Peanut Company is also among the leading peanut shellers and leading peanut oil refiners in the United States. The company’s operations include seven handling facilities located in peanut-producing regions of the U.S. and one facility in Argentina.

“Golden Peanut Company has a strong and diverse customer base,” said Steve Mills, ADM senior executive vice president, Performance and Growth. “With well-positioned assets, strong customer relationships and an experienced management team, we believe Golden Peanut Company will realize profitable growth in the future. In addition to generating solid financial returns, this acquisition will also create synergies with current ADM operations.”

As part of the transaction, ADM has agreed to not use the Alimenta name. Other terms of the agreement are not being disclosed.

From the January 10, 2011, Prepared Foods E-dition