April 05, 2011

ADM to Acquire Soybean Crushing Facility, Form Partnership for Biodiesel Business in Missouri

ADM-logoArcher Daniels Midland Company (ADM) announces plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.

“The acquisition of Prairie Pride’s soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model,” said Matthew J. Jansen, president, Global Oilseeds. “We look forward to working with the 1,000 farmers of Prairie Pride to transform soybeans into food, feed and fuel products used by consumers and businesses around the world every day. And we look forward to becoming a part of the Vernon County community.”

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