Archer Daniels Midland buys Czech oilseed facilities
Archer Daniels Midland Co. announced yesterday it paid an undisclosed amount to buy oilseed processing facilities in the Czech Republic.
The agricultural processor bought ViaChem Group's oilseed processing assets in Olomouc, in the eastern part of the Czech Republic.
The purchased properties consist of an oilseed crushing, refining and biodiesel plant that produces oil and meal for the food, feed and energy markets.
Brent Fenton, managing director, ADM Europe said, “This new site will support ADM’s expansion of its rapeseed and sunseed origination network in Central Europe. In line with ADM’s strategy to expand the size and global reach of our core model, this acquisition increases the company’s presence in the growing Eastern European market.”
To comment, register here
Or register to be able to comment.