American River Transportation Company (ARTCO) has completed the
acquisition of substantially all of the assets of Garvey Marine, Inc.
Garvey currently has six marine harbor services, located in Lemont,
Ottawa, Pekin, Channahon, Morris and Seneca, along the Illinois River
system. ARTCO presently operates 12 harbor services on the inland
waterway system.
“The operations of ARTCO and Garvey are complementary, and the
acquisition will create synergies to better serve customers located
along the Illinois River waterway system,” stated Royce Wilken,
President-ARTCO.
ARTCO, located in Decatur, Illinois, is a wholly owned subsidiary of
Archer Daniels Midland Company.
About ADM
Archer Daniels Midland Company (ADM) is a world leader in agricultural
processing. ADM is one of the world's largest processors of soybeans,
corn, wheat and cocoa. ADM is also a leader in the production of soy
meal and oil, ethanol, corn sweeteners and flour. In addition, ADM
produces value-added food and feed ingredients. Headquartered in
Decatur, Illinois, ADM has over 25,000 employees, more than 250
processing plants and net sales for the fiscal year ended June 30, 2005
of $35.9 billion. Additional information can be found on ADM's Web site
at http://www.adm.com.
ADM Media Relations
217/424-5413
media@adm.com