With the purchase of a majority stake in the Israeli grain trade (Industries Centers), ADM believes it will expand its market and increase its profits.
Commodity giant Archer Daniels Midland (ADM) let you know on Monday 8 May that the agreement has been finalized. It still has to be approved by Israeli authorities. The deal will be finalized in the coming months. The terms and conditions have not been disclosed.
Industries Centers was founded in 1993 and trades in corn, by-products and other grains. the private company has offices in the Tel Aviv area. The company also has storage for 45.000 tons of products in the port of Ashdod.
Expand market and improve profit
Recently, concerns such as ADM, which ship maize, soybeans and other crops from surplus regions to areas with shortages, have struggled to keep the household budget financially healthy. The investment gives ADM the opportunity to expand the market and improve earnings, which are dampened by global oversupply.
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