ADM buys sweetener manufacturer in China

ADM buys sweetener manufacturer in China

ARCHER Daniels Midland Co. (ADM) has reached an agreement to purchase Meiweiyuan Biotechnology Co., a privately held sweetener manufacturer near Wuhan, China, in the central province of Hubei.

"This acquisition helps further expand our footprint in regions with growing demand for our products," said Chris Cuddy, president of ADM's Corn Processing business unit. "Last November, we were excited to begin production at our new sweetener facility in Tia

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