Archer Daniels Midland Company today announced the creation of a new business unit called Ag Services & Oilseeds, which combines ADM’s Origination and Oilseed business operations into a single reporting structure, effective July 1. The new business unit will be led by Greg Morris, formerly president, Oilseeds for ADM. “ADM’s ability to provide value through the entire supply chain – from [...]
ADM Milling Co. is recalling all five-pound bags of Baker’s Corner All Purpose Flour packaged for ALDI in select markets because of the potential presence of E.coli, which was discovered during testing of a five-pound bag of Baker’s Corner All Purpose Flour by the Rhode Island Department of Health. The E.coli strain found in the bag has been linked to 17 illness in eight states. The food source of the E.coli [...]
ADM Milling Co. is recalling five-pound bags of Baker’s Corner All Purpose Flour packaged for ALDI because of the potential presence of E. coli, which was discovered during testing of a five-pound bag of Baker’s Corner All Purpose Flour by the Rhode Island Department of Health. The products were distributed in select stores in the following states: Connecticut, Delaware, Massachusetts, New Hampshire, New [...]
Archer Daniels Midland Company today announced at its 96th Annual Stockholders’ Meeting the election of its board of directors, including new director Dr. Lei Zhang Schlitz. Dr. Schlitz has held a series of senior-level positions for Illinois Tool Works Inc. , an innovative, diversified Fortune 200 manufacturing company with operations in 55 countries, approximately 48,000 employees, and more than 18,000 current and [...]
Archer Daniels Midland Company will present at the 14th annual BMO Capital Markets 2019 Farm to Market Conference on Wednesday, May 15, in New York City. ADM Chairman and CEO Juan Luciano will present at 2:10 p.m. Eastern Time. The ADM presentation will be webcast live at www.adm.com/webcast. A replay of the presentation will also be available for a limited time on www.adm.com/webcast. About ADM For more than a century [...]
Archer Daniels Midland Company today reported financial results for the quarter ended March 31, 2019. “The first quarter proved more challenging than initially expected,” said Chairman and CEO Juan Luciano. “Impacts from severe weather in North America were on the high side of our initial estimates, and the ethanol industry environment limited margins and opportunities. “Despite a challenging start [...]
Archer Daniels Midland Company will release financial results for the first quarter of 2019 before the market opens on Friday, April 26, 2019. The company will host a webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A slide presentation will be available for download approximately 60 minutes prior to the webcast. To listen to the webcast or to download the slide presentation, go to [...]
Archer Daniels Midland Company today announced two important strategic additions to its Board of Directors. The Board of Directors has nominated Dr. Lei Zhang Schlitz to stand for election to the board at the company’s upcoming Annual Stockholders’ Meeting on May 1, 2019. Dr. Schlitz has held a series of senior-level positions for Illinois Tool Works Inc. , an innovative, diversified Fortune 200 manufacturing [...]
Archer Daniels Midland Company announced today that it has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavor ingredients. The agreement comes shortly after ADM completed its addition of U.S.-based citrus flavor provider Florida Chemical. “Ziegler is highly respected as a cutting-edge leader in citrus, and we’re excited to welcome their outstanding [...]
Flotek Industries, Inc. today announced the completion of the sale of Florida Chemical Company, LLC , its Consumer and Industrial Chemistry Technologies segment, to Archer Daniels Midland Company . Under the previously disclosed terms of the transaction, ADM purchased FCC for $175 million in cash, subject to post-closing working capital and other adjustments. After transaction fees and a working capital adjustment, net [...]
Archer Daniels Midland Company’s Board of Directors has declared a cash dividend of 35.0 cents per share on the company’s common stock, a 4.5 percent increase from last quarter’s dividend of 33.5 cents per share. The dividend is payable on March 12, 2019, to shareholders of record on Feb. 19, 2019. This is ADM’s 349th consecutive quarterly payment, a record of 87 years of uninterrupted dividends [...]
Archer Daniels Midland Company today reported financial results for the quarter ended December 31, 2018. “Our team executed well, delivering strong year-over-year profit growth in the fourth quarter,” said Chairman and CEO Juan Luciano. “Looking back on the full year, the team did a great job focusing on the items we could control, as we continued innovating to serve customer needs and advancing our [...]
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