Archer Daniels Midland acquires Specialty Commodities for $191 million

November 24, 2014 |

In Illinois, Archer Daniels Midland has completed its acquisition of Specialty Commodities for $191 million, including $95 million in working capital.

“We are continuing to expand our specialty ingredients portfolio to better serve our customers, improve returns and reduce the volatility of our earnings,” said Greg Morris, president of ADM’s WILD Flavors and Specialty Ingredients business unit. “Now that Specialty Commodities has joined ADM, we’ll be looking at ways to combine SCI’s healthy ingredients with ADM’s existing products to offer our customers a wider and fuller range of products.”

ADM also announced that Ken Campbell, formerly ADM’s vice president, North American Oilseeds, has been named president, Specialty Commodities. Kevin Andreson, Specialty Commodities’ former chief operating officer, has been appointed ADM’s vice president, Specialty Commodities. Larry Leitner, SCI’s founding partner and CEO, has stepped down from that position and will join ADM’s WILD Flavors and Specialty Ingredients business unit, bringing his extensive supply chain and industry knowledge to help support growth throughout the business unit.

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Category: Fuels

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