Archer Daniels Midland Co. (ADM) has increased its share in Wilmar International, spending S$129 million on 40 million shares, according to a filing on the Singapore Exchange.
ADM’s stake in Wilmar increased to 24.9% from 24.3%. The company has been steadily increasing shares in Wilmar over the last few years.
ADM paid S$3.2257 per share, and purchased them from Martua Sitorus, Wilmar’s co-founder and former executive deputy chairman.
Wilmar has assets in soy crushing, edible oil refining and packaging, palm plantations, palm refineries, biodiesel production, specialty fats and oleochemical fatty acids throughout Asia.
By Susan Reidy
Source: World Grain
Currently chief executive of GreenV – an international group of companies active in the horticultural sector – van Karnebeek spent a large portion of his career at Heineken, working in commercial, marketing and general management positions. He served as chief commercial officer at the Dutch brewer from 2015 until 2021.
The facility combines the existing Kerry office in Barcelona with a new customer suite and application labs. It will enable the company to work more closely with its customers in Southern Europe to develop food and beverage solutions.
The sweet and culinary flavor creation labs are the latest addition to the company’s expansive campus that has been in operation since 1964, spanning more than 312,150 square feet in Brabrand, Denmark. The innovation hub is home to more than 400 employees engaged in research, application development, ingredient and flavor creation.