ADM completes industries centers acquisition
Archer Daniels Midland Company (NYSE: ADM) announced that it has completed its acquisition of a controlling interest in Industries Centers, which will now be known as ADM Israel.
“By combining ADM’s unparalleled global network with the experience and capabilities of Industries Centers, ADM Israel offers customers in Israel unequalled service, including end-to-end supply chain management,” said Joe Taets, president of ADM’s Agricultural Services business unit. “We’re looking forward to expanding to offer both new and existing customers in Israel a wide array of products, from soybean meal to grains to feed ingredients.”
ADM Israel, which serves a significant and diversified customer base within Israel, operates a 45,000 MT storage facility strategically located at the Port of Ashdod.
“This is yet another way in which ADM is expanding its global origination and distribution network into new geographies, and growing our capability to deliver products from around the globe directly to customers,” Taets added. “From our Medsofts joint venture to our ports on the Black Sea to our new venture here in Israel, we are committed to enhancing our global origination and logistics capabilities so that we can offer customers around the world best-in-class service.”
Omer Eran, CEO, ADM Israel, added, “Having been a customer of ADM for so many years, it is a proud day for all of us at Industries Centers, as we partner with ADM and begin a new journey together as ADM Israel.”