Archer Daniels Midland Company (NYSE: ADM) announced today the sale of
LSI, a distribution operating group within the Company’s Corn Processing
business, to Chicago Sweeteners. The operations of LSI, which sold
liquid and dry sweeteners, blends and specialty sweetener and starch
products to customers in the western region of the United States, will
become part of Chicago Sweeteners’ Ingredients International division,
which also serves the western United States.
LSI was acquired by ADM in 2003 when the Company acquired Minnesota Corn
Processors.
About ADM
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 230 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, 2008, were $70 billion. For
more information about our Company and our products, visit www.adm.com
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