Sector News

ADM Reaches Agreement to Acquire AOR N.V.

March 31, 2015
Consumer Packaged Goods
(BUSINESS WIRE) – Archer Daniels Midland Company announced today that it has reached an agreement to purchase AOR N.V., a privately held oil bottling company based in Antwerp, Belgium. AOR is a leader in the bottling and distribution of edible oils in Europe, with customers across the continent and a substantial export business. Its brands include Oilio® and Coroli®.
 
“This acquisition will allow us to expand our product offerings and customer base in Europe, offering entry into the continental European retail and foodservice markets and an enhanced ability to export value-added products internationally,” said Matt Jansen, president of ADM’s Oilseeds Processing business. “AOR is a leading company in the European packaged oils industry. It is a bolt-on acquisition that can be fully integrated into our operations, and offers excellent opportunities for profitable growth.
 
“ADM is continuing to execute on our strategy to increase returns by optimizing our core businesses and expanding strategically,” Jansen added. “The AOR business represents growth into new markets as well as new, higher-margin demand for the oils produced by our European operations.”
 
The proposed transaction is contingent on regulatory approvals.
 
Source: ADM

comments closed

Related News

April 26, 2024

Haleon names new Finance Chief and new CHRO

Consumer Packaged Goods

Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.

April 26, 2024

Campari to double Aperol production capacity with €75m investment

Consumer Packaged Goods

The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.

April 26, 2024

Coca-Cola enters $1.1bn strategic partnership with Microsoft

Consumer Packaged Goods

The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.

How can we help you?

We're easy to reach