ADM buys Alimenta (USA), Inc., ADM’s 50% partner in Golden Peanut Co., LLC. ADM now controls 100% of Golden Peanut.
Archer Daniels Midland (ADM) Co., Decatur, Ill., acquired Alimenta (USA), Inc., from Alimenta S.A., an international trading company based in Geneva, Switzerland. Alimenta (USA) is ADM’s 50% partner in Golden Peanut Company, LLC. Headquartered in Alpharetta, Ga., Golden Peanut, now controlled by ADM, is the largest U.S. handler, processor and exporter of peanuts, peanut oil and peanut-derived ingredients.
Golden Peanut 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 Co. has a strong and diverse customer base,” says 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 Co. 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 deal, ADM has agreed to not use the Alimenta name. Other terms of the agreement are not being disclosed.