CHICAGO, US: Archer Daniels Midland Company (ADM) said that it has reached an agreement to purchase a controlling interest in Industries Centers, an Israel company specialising in the import and distribution of agricultural feed products.
Founded in 1993, Industries Centers trades corn byproducts and other grain products. It has offices in the Tel Aviv area and operates a 45,000 MT storage facility strategically located at the Port of Ashdod. The company has a significant and diversified customer base within Israel. It is privately owned.
“With this investment, we are continuing to expand and enhance our core value chain, including our ability to deliver direct to the customer. Industries Centers offers an entry point into a strong, established Israeli market. We have worked with them in the past to help us import our own products into Israel, and we know them as an experienced, capable partner,” said Joe Taets, president of ADM’s agricultural services business unit.
“This is a great opportunity for us to reach new customers with a wide array of products, from soybean meal to grains to feed ingredients. It also represents a further expansion of our destination marketing capabilities, which remain a strategic priority as we work to enhance shareholder returns by extending our value chain to the end customer,” added Taets.
Read More: ADM to acquire interest in Israeli agricultural feed distributer
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