ADM Milling Limited, a wholly-owned subsidiary of Archer Daniels Midland Company (“ADM”), has, subject to U.K. regulatory approval, agreed to acquire six flour mills in the U.K. from Associated British Foods plc. The mills, located in Castleford, Corby, Edinburgh, Knottingley, Liverpool and Tewkesbury, generated revenues of approximately $150 million for calendar year 2002 through September 14, 2002.
ADM currently operates flour mills in the United States, Canada, the Caribbean and the United Kingdom. “We’re very pleased with the opportunity to strengthen our base in the U.K. with the addition of these six mills,” stated Paul B. Mulhollem, ADM President and Chief Operating Officer.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 24,000 employees, more than 260 processing plants and net sales for the fiscal year ended June 30, 2002 of $22.6 billion. Additional information can be found on ADM's Web site at http://www.admworld.com.