Archer Daniels Midland Company (Adm) – it is one of the largest agricultural processors in the world – has recently completed the acquisition of the remaining minority stake of Alfred C. Toepfer International and is working on integrating Toepfer’s operations into Adm’s.
Toepfer is a global merchandiser of agricultural commodities and processed products.
«The completion of the Toepfer acquisition is an important step for Adm’s Agricultural Services division to become a full value chain from origination to destination», said Joe Taets, senior vice-president and president, Agricultural Services. «We can now fully combine Adm’s integrated supply chain, global origination network and risk-management expertise with Toepfer’s strong global marketing and distribution capabilities». Since 2002, Adm has owned 80% of Toepfer. Through the recent transaction, Adm acquired the remaining stake from Union InVivo for € 83 million.