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ADM expands into ingredient sector

2014-10-24 14:20:29| Agriculture - Topix.net

Archer Daniels Midland plans to buy Specialty Commodities Inc. for US$170 million in its second deal for a health-focused ingredient supplier in three months.a © Specialty Commodities of Fargo, North Dakota, which is majority owned by private equity firm Goldner Hawn Johnson & Morrison, buys natural and organic ingredients.a © It said the acquisitions would help reduce the volatility of its earnings, which have traditionally been linked to the booms and busts of crop production.a © ADM said it expected the Specialty Commodities deal, which is subject to regulatory approval, to close in the coming weeks. Futures data supplied by AgriCharts.

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