Archer Daniels Midland Company Acquires Alimenta (USA), Inc.; Remaining Interest in Golden Peanut Company

04.01.2011  |  Business Wire

Archer Daniels Midland Company (NYSE: ADM) today announced that it has
acquired all of the outstanding capital stock of Alimenta (USA), Inc.,
from Alimenta S.A., an international trading company based in Geneva,
Switzerland. Alimenta (USA) is ADM′s 50 percent partner in Golden Peanut
Company, LLC. As a result of this transaction, ADM now controls 100
percent of Golden Peanut Company.

Headquartered in Alpharetta, Ga., Golden Peanut Company is the largest
U.S. handler, processor and exporter of peanuts, peanut oil and
peanut-derived ingredients. Golden Peanut Company is also the leading
peanut sheller and leading peanut oil refiner in the United States. The
company′s operations include seven handling facilities located in
peanut-producing regions of the United States and one facility in
Argentina.

'Golden Peanut Company has a strong and diverse customer base,? said
Steve Mills, ADM senior executive vice president, Performance and
Growth. 'With well-positioned assets, strong customer relationships and
an experienced management team, we believe Golden Peanut Company will
realize profitable growth in the future. In addition to generating solid
financial returns, this acquisition will also create synergies with
current ADM operations.?

As part of the transaction, ADM has agreed to not use the Alimenta name.
Other terms of the agreement are not being disclosed.

About ADM

Every day, the 29,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 240 processing plants, we convert corn,
oilseeds, wheat and cocoa into products for food, animal feed, chemical
and energy uses. We operate the world′s premier crop origination and
transportation network, connecting crops and markets in more than 60
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2010, were $62 billion. For
more information about our company and our products, visit www.adm.com.