Archer Daniels Midland Sweet on Chamtor -- Market Talk
March 27 2017 - 12:39PM
Dow Jones News
12:109 ET - The latest acquisition planned by Archer Daniels
Midland (ADM) could signal diversification from corn-based
sweetener production. ADM wants to buy Chamtor, a French producer
of wheat-based sweeteners and starches, as global demand rises for
those products. The sweeteners and starches division was
responsible for 6.5% of ADM's revenue in 2016, but nearly a quarter
of segment operating profit overall. ADM wants to close the
purchase of Chamtor by this summer. Chamtor, whose parent is
Vivescia Industries, has 210 workers. (bowdeya.tweh@wsj.com;
@BowKnowsBiz)
(END) Dow Jones Newswires
March 27, 2017 12:24 ET (16:24 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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