ADM to Acquire Rapeseed Processing and Biodiesel Company in Poland
August 13 2011 - 10:28AM
Business Wire
Archer Daniels Midland Company (NYSE: ADM) announced today
another important step in the expansion of its oilseed processing,
food manufacturing and biodiesel capabilities with the signing of
an agreement to purchase a majority share of Elstar Oils S.A. A
Warsaw-listed company, Elstar is a leading Polish manufacturer of
quality refined vegetable oils and fats for the food industry, and
biodiesel for the energy market. The purchase is subject to
approval by relevant antitrust authorities.
Elstar, located in northern Poland, operates a rapeseed
crushing, refining, solid-fat packaging and oil bottling facility
in Czernin and a fully-automated biodiesel facility in Malbork.
“Poland is an important origination and consumer market for ADM.
Elstar’s location in the heart of a rapeseed growing region, with
easy access to the ports of Gdansk and Gdynia, complements our
existing presence in the region and will enable ADM to further
strengthen its position in Eastern Europe,” said Brent Fenton,
president, ADM Europe. “The biodiesel plant will enable ADM to
develop the biodiesel market in Poland and fits well within the
company’s integrated business model.”
ADM’s operations in Poland include an oilseeds crushing and
refining facility in Szamotuly that refines and bottles retail
vegetable oils, and country elevators in Slawa Wielkopolska and
Chroscina. ADM has a joint venture company, BTZ, consisting of an
import and export terminal in the port of Gdynia and recently
announced plans to jointly construct a new grain warehouse to
expand capacity. The company also has a joint venture with Princes
to expand the distribution of bottled vegetable oils in Poland.
About Elstar Oils
The main activity of Elstar Oils S.A. is rapeseed oil and
vegetable fats production. The products are directed at the
domestic, business-to-business market and industry customers
throughout the country. The Company’s subsidiary Biopaliwa SA,
located in Malbork, produces biodiesel components since 2008. In
2008, the Elstar Group completed the last stage of four-year long
investment process, which resulted in an increase of the rapeseed
crush capacity from 200 to 400 thousand tons annually.
About ADM
Every day, the 30,000 people of Archer Daniels Midland Company
(NYSE: ADM) turn crops into renewable products that meet the
demands of a growing world. At more than 265 processing plants, we
convert corn, oilseeds, wheat and cocoa into products for food,
animal feed, chemical and energy uses. We operate the world’s
premier crop origination and transportation network, connecting
crops and markets in more than 75 countries. Our global
headquarters is in Decatur, Illinois, and our net sales for the
fiscal year ended June 30, 2011, were $81 billion. For more
information about our company and our products, visit
www.adm.com.
This publication is for promotional purposes only and under no
circumstances shall constitute or form part of, and should not be
construed as, any offer for purchase of, or solicitation of any
offer to sell, any securities of Elstar Oils S.A. by Archer Daniels
Midland Nederland B.V. (the “Offerer”).
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