ADM to buy Chamtor

Archer Daniels Midland (ADM) plans to acquire starch and sweeteners producer Chamtor, France. “After adding to our sweetener and starch capabilities in Eastern Europe, we are continuing to execute our strategy by expanding in Western Europe,” said ADM Europe, Middle East and Africa president Pierre Duprat. “70% of the European starch and derivatives market is in Western Europe,” Duprat added. “Chamtor is located in the heart of the European wheat belt, and is perfectly positioned to efficiently serve Western European sweetener and starch customers, particularly in France, Germany, Belgium and the Netherlands.”