Oil bottling capacity enhances ADM’s presence in Europe, offers entry into retail and foodservice markets
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE:ADM) announced today that it has
reached an agreement to purchase AOR N.V., a privately held oil bottling
company based in Antwerp, Belgium. AOR is a leader in the bottling and
distribution of edible oils in Europe, with customers across the
continent and a substantial export business. Its brands include Oilio®
and Coroli®.
“This acquisition will allow us to expand our product offerings and
customer base in Europe, offering entry into the continental European
retail and foodservice markets and an enhanced ability to export
value-added products internationally,” said Matt Jansen, president of
ADM’s Oilseeds Processing business. “AOR is a leading company in the
European packaged oils industry. It is a bolt-on acquisition that can be
fully integrated into our operations, and offers excellent opportunities
for profitable growth.
“ADM is continuing to execute on our strategy to increase returns by
optimizing our core businesses and expanding strategically,” Jansen
added. “The AOR business represents growth into new markets as well as
new, higher-margin demand for the oils produced by our European
operations.”
The proposed transaction is contingent on regulatory approvals.
About AOR
AOR is a privately-owned company specializing in the bottling and
distribution of edible oils, with a fully-automated warehouse and
operations on the water at the Port of Antwerp. AOR serves customers
across Europe, with particular strength in northwest Europe (Belgium,
the Netherlands, Luxembourg), and has a substantial export business.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE:ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with more than
33,000 employees serving customers in more than 140 countries. With a
global value chain that includes more than 460 crop procurement
locations, 300 ingredient manufacturing facilities, 40 innovation
centers and the world’s premier crop transportation network, we connect
the harvest to the home, making products for food, animal feed, chemical
and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company
Jackie Anderson, 312-634-8484
Media Relations
media@adm.com