News last update:6 Aug 2012

ADM buys network of grain elevators

Archer Daniels Midland (ADM) is to acquire the family-owned Fasco Mills, which is headquartered in Mendota, Illinois, one of the largest networks of grain elevators and rail shipping terminals in Illinois.

According to ADM, the grain from Fasco's thirteen grain elevators will flow into ADM's domestic and global processing and marketing network, increasing the firm's footprint tributary to the prime farm production areas of northern Illinois.

"These elevators allow ADM to offer increased marketing alternatives to farmers in northern Illinois while securing the commodity flow for ADM's biofuel, food and feed needs," said Matthew Jansen, president of ADM's Grain Group.

Related websites:
Fasco Mills


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