ADM closes Chamtor acquisition
After being granted exclusivity for purchase earlier in the year, Archer Daniels Midland Company (ADM) has completed its acquisition of Chamtor, a French producer of wheat-based sweeteners and starches.
Pierre Duprat, president, Europe, Middle East and Africa, says, “We are pleased to welcome Chamtor as the latest expansion of our global sweetener and starch footprint.
“France is well known in Europe for its wheat production capabilities, and is a key destination market for starch-based products. The Bazancourt plant is ideally located at the heart of the cereal market and within reach of customers across Spain, Germany, France and Benelux.”
The French facility, which produces glucose, starch and proteins from wheat, is the most recent in a series of enhancements to ADM’s global sweetener and starch capabilities. In 2015, ADM purchased full ownership of corn wet mills in Bulgaria and Turkey, and a 50% stake in a wet mill in Hungary. Last year, the company acquired a sweetener and starch facility in Morocco, and announced expansion plans for the Turkey and Bulgaria plants.
“With increasing demand for sweeteners and starches in Europe, the Middle East and North Africa, ADM is expanding in the region to ensure we meet those growing customer needs,” Duprat adds.