Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ARCHER-DANIELS-MIDLAND COMPANY

(ADM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ADM Completes Acquisition of Sojaprotein, Strengthening Plant Based-Protein Capabilities

11/29/2021 | 08:07am EST

ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, announced today that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet growing demand for plant-based foods and beverages.

“ADM has been at the forefront of pioneering innovation in alternative proteins for more than seven decades, and we continue to invest to expand our capabilities to meet fast-growing demand for new protein solutions as we grow our nutrition business worldwide,” said Vince Macciocchi, president of ADM’s Nutrition business. “We welcome our new Sojaprotein colleagues to ADM, and we look forward to working with them. Together, ADM and Sojaprotein are perfectly positioned for continued growth as we work to meet the needs of European consumers who are looking for locally-sourced, non-GMO plant-based ingredients in their food and beverages.”

Established in 1977, Serbia-based Sojaprotein exports into 65 countries, offering a wide range of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. The company achieved more than $100 million in sales in 2020.

The addition of Sojaprotein to ADM’s portfolio is the latest significant investment as the company continues to grow in alternative proteins; other additions include the company’s soy protein complex in Campo Grande, Mato Grosso do Sul, Brazil; its new pea protein plant in Enderlin, North Dakota; its PlantPlus Foods joint venture; and partnerships with innovative startups like Air Protein.

About ADM

At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.

Source: Corporate Release


ę Business Wire 2021
All news about ARCHER-DANIELS-MIDLAND COMPANY
01/14Nisun International Affiliate Cooperates With Archer-Daniels-Midland Unit
MT
01/13ADM to Release Fourth Quarter Financial Results Jan. 25, 2022
BU
01/11Energy Stocks Rallying as WTI Crude Oil Climbs Back Over $81 Per Barrel
MT
01/11Energy Stocks Surging Tuesday as WTI Crude Tops $81/Barrel
MT
01/11Archer-Daniels-Midland to Divert Carbon Dioxide From 2 Iowa Ethanol Plants Into Undergr..
MT
01/11Morgan Stanley Adjusts Archer-Daniels-Midland Company Price Target to $69 From $67, Mai..
MT
01/11ADM signs CO2 pipeline deal to capture, store ethanol plant emissions
RE
01/11Wolf Carbon Solutions, ADM Announce Partnership to Advance Decarbonization of Ethanol P..
BU
01/03Argus Adjusts Price Target for Archer-Daniels-Midland to $74 From $72, Maintains Buy Ra..
MT
2021Fitch Affirms Amaggi's FC and LC IDRs at 'BB'; Outlook Stable
AQ
More news
Analyst Recommendations on ARCHER-DANIELS-MIDLAND COMPANY
More recommendations
Financials (USD)
Sales 2021 82 472 M - -
Net income 2021 2 696 M - -
Net Debt 2021 7 032 M - -
P/E ratio 2021 15,0x
Yield 2021 2,05%
Capitalization 40 028 M 40 028 M -
EV / Sales 2021 0,57x
EV / Sales 2022 0,57x
Nbr of Employees 38 332
Free-Float -
Chart ARCHER-DANIELS-MIDLAND COMPANY
Duration : Period :
Archer-Daniels-Midland Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ARCHER-DANIELS-MIDLAND COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 71,55 $
Average target price 71,07 $
Spread / Average Target -0,67%
EPS Revisions
Managers and Directors
Juan Ricardo Luciano Chairman, President & Chief Executive Officer
Raymond Guy Young Chief Financial Officer & Executive Vice President
Todd A. Werpy Chief Science Officer & Senior Vice President
Kristy J. Folkwein Chief Information Officer & Senior Vice President
Veronica L. Braker Senior Vice President-Global Operations
Sector and Competitors
1st jan.Capi. (M$)
ARCHER-DANIELS-MIDLAND COMPANY5.86%40 028
NESTLÉ S.A.-5.18%364 092
MONDELEZ INTERNATIONAL, INC.2.70%94 998
YIHAI KERRY ARAWANA HOLDINGS CO., LTD-0.67%54 490
THE KRAFT HEINZ COMPANY5.91%46 538
DANONE6.01%43 021