Archer Daniels Midland Company (NYSE: ADM) announced today that it has purchased the assets of Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas. “ADM is continuing to deliver on our strategy to create shareholder value by expanding our capabilities downstream in the value chain,” said Vince Macciocchi, president of ADM’s WILD Flavors and Specialty Ingredients [...]
Soozie’s Doozies, LLC of Union, Missouri, was named the grand prize winner of the 2016 Food Innovation Challenge last night at the Decatur Club in Decatur, Illinois. Owners Olivia Kelvin and Robert Stanton will receive $50,000 in seed funding from Archer Daniels Midland Company (NYSE: ADM) and $50,000 in services from National Foodworks Services (NFS), along with other prizes, all designed to help advance their food [...]
The 2016 Food Innovation Challenge announced today that Kathy’s Kitchen of Virginia, Illinois; Soozie's Doozies, LLC of Union, Missouri; and Sweet Freedom Gluten Free Bakery of New Hampton, Iowa, will continue to the competition’s final round. These three finalists will present to a panel of judges, with the final winner being announced at an awards banquet at the Decatur Club the evening of Thursday, Aug 11 [...]
Archer Daniels Midland Company (NYSE: ADM) today announced the pricing of its offering of $1 billion aggregate principal amount of 2.50% notes due 2026 (the “notes”). The notes will be issued at a public offering price of 2.533%. The company intends to use the net proceeds from the offering of the notes for general corporate purposes, including to repay a portion of outstanding commercial paper indebtedness [...]
Archer Daniels Midland Company’s (NYSE: ADM) Board of Directors has declared a cash dividend of 30 cents per share on the company’s common stock payable on Sept. 7, 2016, to shareholders of record on Aug. 17, 2016. This is ADM’s 339th consecutive quarterly payment, a record of 84 years of uninterrupted dividends. As of June 30, 2016, there were 583,206,598 shares of ADM common stock outstanding. About [...]
Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended June 30, 2016. “After a challenging start to the year, general market conditions began to turn at the end of the second quarter, providing us with improved opportunities for the second half of the year,” said ADM Chairman and CEO Juan Luciano. “Weak grain handling margins and merchandising results continued [...]
Archer Daniels Midland Company (NYSE: ADM) announced today that the company’s lead director, Donald E. Felsinger, was recently recognized as the 2016 Director of the Year by the National Association of Corporate Directors (NACD)—a leading nonprofit membership organization for corporate board members. Felsinger joined ADM’s Board of Directors in August 2009 and currently serves as its lead director and as [...]
Archer Daniels Midland Company (NYSE: ADM) will release financial results for the second quarter of 2016 before the market opens on Tuesday, Aug. 2, 2016. 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 [...]
Through a comprehensive plan to drive operational efficiencies and enhance environmental sustainability, Archer Daniels Midland Company (NYSE: ADM) has made continued progress toward the aggressive goals the company set five years ago to reduce its use of energy, water, emissions and waste per unit of production, known as intensity. In its latest Corporate Sustainability report, now available at [...]
Independent research firm Verdantix recognized Archer Daniels Midland Company (NYSE: ADM), along with project partners CH2M and IHS, with an Environmental Health & Safety (EH&S) Information Management Award for the implementation of ADM’s comprehensive environmental information management system, Project GEMINI (Global Environmental Management Information Network Initiative). “This award is a testament to the [...]
The Food Innovation Challenge today announced the ten semi-finalists for the 2016 competition at a welcome reception at Millikin University in Decatur, Illinois. The semi-finalists were also matched up with food industry mentors to help guide them through the remainder of the competition. “The selection pool of applicants we received for the first-annual Food Innovation Challenge was very impressive,” said [...]
Archer Daniels Midland Company (NYSE: ADM) today began celebrating the company’s 10th annual Global Safety and Health Week, a week-long global event dedicated to reflecting on each location’s safety accomplishments and hosting events and meetings to help focus on areas where improvements are possible. Since 2006, ADM has reduced recordable incidents by 66 percent and lost-work day incidents by 89 percent. 2015 [...]