Investment in Industries Centers offers entry into new markets, opportunities for further expansion
CHICAGO -Monday, May 8th 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has reached an agreement to purchase a controlling interest in Industries Centers, an Israeli company specializing in the import and distribution of agricultural feed products.
“With this investment, we are continuing to expand and enhance our core value chain, including our ability to deliver direct to the customer,” said Joe Taets, president of ADM’s Agricultural Services business unit. “Industries Centers offers an entry point into a strong, established Israeli market. We have worked with them in the past to help us import our own products into Israel, and we know them as an experienced, capable partner.”
Industries Centers, founded in 1993, trades corn byproducts and oth
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