ADM Continues To Meet Food Security, Sustainability Needs With Brazil Crush Expansion, Refined Glycerin Acquisition; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
ADM is expanding its oilseed crush capacity in Brazil by 400,000 metric tons per year across three facilities due to strong domestic and export demand. Additionally, ADM has acquired a controlling stake in Buckminster Química, a producer of refined glycerin, to enhance its portfolio of sustainably sourced products. The financial terms of the acquisition were not disclosed.
December 05, 2023 | 4:01 pm
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ADM's expansion in Brazil and acquisition of Buckminster Química align with growing demand for sustainable products, likely enhancing its market position and product offerings.
The expansion of ADM's crush capacity and the acquisition of Buckminster Química are strategic moves to capitalize on the growing demand for sustainable products. This could lead to increased revenue streams and a stronger market position in the long term, which is likely to be viewed positively by investors in the short term.
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