Talk:ADM (company)

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History[edit]

Early history[edit]

In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.[1][2][3] George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company.[1][4] In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.[5][6][7] The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.[7][8]

In 1924, ADM was listed on the New York Stock Exchange.[9][10][11] A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.[12][13] In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.[14][15][16] In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.[13] The rapid development of similar extraction plants soon followed.[17]

By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees,[18] and by 1952 the company was operating overseas and manufacturing over 700 products.[19][18]

In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.[20] In 1966, ADM began producing textured vegetable protein at its Decatur East Plant.[21]

In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations.[22][23][24]

Chief Executive Officers
Started Name
1970 Dwayne Andreas
1997 G. Allen Andreas
2006 Patricia A. Woertz
2015 Juan Luciano

Dwayne Andreas period[edit]

Dwayne Andreas was named CEO of ADM in 1970,[2] and two years later is was elected chairman of the company's board.[25] Under his leadership, Archer Daniels Midland acquired many smaller companies and expanded into international markets, eventually becoming one of the world's largest agricultural processing companies.[2][26][27] During this period, the company's soybean exports increased from $1.5 billion to $7 billion.[2][28]

In January 1973, ADM acquired a controlling stake (50%) of British Arkady Holdings Ltd., the parent company the assorted Arkady baking brands.[29][30][31] British Arkady's Manchester plant soon began producing textured vegetable protein.[29][30] As a division of ADM, British Arkady expanded its market presence and began offering a wider range of products.[31]

In 1974, ADM made its first expansion into Europe and South America when the company acquired soybean plants in Holland and Brazil.[32][6]

In 1976, ADM began making textured soy protein concentrate and soy protein concentrate, the textured version named "TVP 2".[33] In 1982, ADM bought 80% of Toepfer International, a Germany-based grain trading firm.[34] The move made ADM a multinational grain trading company.[34]

In 1989, ADM purchased Collingwood Grain Inc. based in Hutchinson, Kansas, adding 48 million bushels of grain storage at 36 terminal elevators.[35] In 1991, ADM used its patent on textured vegetable protein to create the first soy-based veggie burger.[21][36]

Dwayne Andreas stepped down from his position as CEO in 1997 and was succeeded by his nephew G. Allen Andreas.[37] The transition occurred a year after the company pleaded guilty to price-fixing.[26][27]

Recent history[edit]

In March 2006, G. Allen Andreas announced he was stepping down as CEO.[38] Later, in May 2006, Patricia A. Woertz became the company's chief executive officer.[39][40][41] In February 2007, Woertz was elected chairman of the board at ADM.[42][43]

In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[44] On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation.[44]

On July 7, 2014, the company announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors.[45][46][47]

ADM announced the the appointment of current CEO Juan R. Luciano on November 5, 2014.[48] Luciano initially joined the company in 2011 as chief operating officer.[41] Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.[49][50][51]

The company announced the sale of its global cocoa business to Singaporean agricultural company Olam International for $1.2 billion in October 2015..[52]

In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins.[53][54][55]

In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.[56] Later that same month, ADM acquired Vineland, New Jersey based company Eatem Foods, a developer and producer of natural and organic savory flavor systems,[57][58] and also announced the acquisition of Crosswind Industries, Inc., a Kansas-based pet treat manufacturer.[59][60] Later that year, ADM acquired the Spanish biotechnology firm Biopolis.[61][62]

The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time.[63] At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[64] In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.[65]

In March 2018, ADM restructured into business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services.[66][67] The next year, the company announced it was it was consolidating the ag services and oilseed units.[68]

ADM agreed to purchase the British probiotic supplement company Probiotics International Limited for $243 million in June 2018 .[69] The next month, ADM announced it would purchase Colorado-based vanilla company Rodelle Inc.[70][71] In August 2018, ADM reached an agreement to purchase oilseed processing facilities from Brazil-based Algar Agro.[72][73]

In January 2019, ADM agreed to purchase the remaining 50 percent stake in British grain and oilseed producer Gleadell from the French company InVivo,[74] and a few months later the company purchased citrus oils and flavors company Florida Chemical for $175 million,[75] and the Ziegler Group, a European provider of natural citrus flavor ingredients.[76][77] In November ADM completed the acquisition of animal nutrition company Neovia for $1.73 billion.[78][79]

In September 2021, ADM announced they bought a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery.[80] Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein,[81] and completed its acquisition of Deerland Probiotics & Enzymes.[82][83]

References

  1. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. John W. Daniels began crushing flaxseed to make linseed oil in Ohio in 1878, and in 1902 he moved to Minneapolis, Minnesota, to organize the Daniels Linseed Company. The company consisted of a flax crushing plant that made three products: raw linseed oil, boiled linseed oil, and linseed cake or meal. In 1903 George A. Archer joined the firm, and in a few years it became the Archer-Daniels Linseed Company.
  2. ^ a b c d Schneider, Keith (2016-11-17). "Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98". The New York Times. Retrieved 2023-04-19.
  3. ^ Black, Sam; Halter, Nick (2013-10-04). "Why ADM should move home to Minnesota". Minneapolis / St. Paul Business Journal. Retrieved 2023-04-19.
  4. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 5. 1904 – Mr. Archer joins with John W. Daniels to organize the Archer-Daniels Co. On 7 Feb. 1905 it was voted to take the necessary steps toward changing the firm's name to the Archer-Daniels Linseed Company. George A. Archer, who owned 50% of the company, was president.
  5. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. In 1923 the company purchased the Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
  6. ^ a b Valente, Michael (2009). "Archer Daniels Midland Company (ADM)" (PDF). American Chemical Society.
  7. ^ a b Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020). Soyinfo Center. p. 5. The Archer-Daniel-Midland Company is organized to take over the plants of Midland and the assets of Archer-Daniels Linseed Company and the Midland Linseed Products Company. The new corporation, with total assets exceeding $11,000,000, incorporated in Delaware, will control about 35% of the linseed mill capacity in the United State.
  8. ^ "ADM Milling closing N Kansas City mill". Wausau Daily Herald. 1923-04-23. p. 10. Retrieved 2023-04-20. Merger of the Archer of the Archer-Daniels Linseed company and Midland Linseed Products company of Minneapolis into a corporation with total assets exceeding $11,000,000 and which will control about thirty-five per cent of the linseed mill capacity of the United States, became known here today.
  9. ^ Hall, Gina (March 9, 2018). "ADM's takeover talks with Bunge break down". Chicago Business Journal. Retrieved April 20, 2023. ADM began in 1902, when Daniels Linseed Co. was founded in Minneapolis to process linseed oil. It changed its name to Archer Daniels Midland before going public in 1924.
  10. ^ LUSVARDI, CHRIS (2009-12-03). "ADM execs ring closing bell at New York Stock Exchange". Herald-Review.com. Retrieved 2023-04-19.
  11. ^ Mattioli, Dana; Bunge, Jacob (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. Retrieved April 19, 2023.
  12. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. Throughout the 1920s the company made steady purchases of oil processing companies in the Midwest while engaging in other agricultural activities.
  13. ^ a b Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. In 1927, ADM's grain division was established, and in 1934, the company initiated its first continuous solvent extraction at its Chicago soybean crushing facility, using soybeans and the new chemical process to successfully extract soybean oil from the oilseeds.
  14. ^ "Business: Commander to the Gulf". Time. June 27, 1932.
  15. ^ Sosland, Josh (2010-03-10). "ADM Milling closing N Kansas City mill". Baking Business. Retrieved 2023-04-20.
  16. ^ Mitchell, Julie A. (2001). Notable Corporate Chronologies. Vol. 1. Gale Group. p. 162. 1930: ADM acquires the Commander - Larabee Co., a huge flour miller capable of producing 32,000 barrels per day.
  17. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. 1934 March – ADM begins operating the first large-scale continuous solvent extraction plant in the USA in Chicago, Illinois. The plant used a 'Hildebrandt' extractor to process 100 tons/day of soybeans. The solvent was petroleum naphtha of the hexane type. This ADM plant represented a 'turning point and marked the beginning of the large scale edible oil extraction industry as it is known today.' Installations of other large-capacity continuous solvent extraction plants followed in rapid succession.
  18. ^ a b Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. By 1952, ADM's workforce had grown to 5,000 employees. Cite error: The named reference "KotrbaQuoteTwo" was defined multiple times with different content (see the help page).
  19. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. When President Thomas L. Daniels (son of the founder) and Chairperson Samuel Mairs celebrated Archer Daniels Midland's 50th anniversary in 1952, the company was manufacturing over 700 standard products and had extended its operations overseas.
  20. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. 1962 April – Archer Daniels Midland Co. introduces a new trademark and decides to consistently call itself "ADM" (Soybean Digest, p. 27).
  21. ^ a b Reid, Tony (2022-09-30). "Decatur a central part of ADM's past, future". Herald & Review. Retrieved 2023-04-21.
  22. ^ Gasparro, Annie (September 26, 2013). "ADM Leaves Decatur With Little Town Blues". The Wall Street Journal. Retrieved February 17, 2021. It moved its headquarters here from Minneapolis in 1969.
  23. ^ Perlman, Seth (March 1, 2017). "Archer Daniels Midland - 4,159 employees". Herald & Review. Retrieved February 17, 2021. ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.
  24. ^ Meersman, Tom (2016-11-29). "Obituary: Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved 2023-04-21.
  25. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1972 – Dwayne Andreas is elected chairman of the board at ADM.
  26. ^ a b Miller, Stephen (2016-11-16). "Dwayne Andreas, Who Made ADM World's Supermarket, Dies at 98". Bloomberg. Retrieved 2023-04-19.
  27. ^ a b Mercer, David (2016-11-16). "Dwayne Andreas, who transformed Archer Daniels Midland into global powerhouse, dies at 98". Washington Post. Retrieved 2023-04-19.
  28. ^ Meersman, Tom (November 29, 2016). "Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved May 29, 2022.
  29. ^ a b Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1973 Jan. 15 – ADM acquires 50% of British Arkady Holdings Ltd. and simultaneously acquires its subsidiary British Arkady Co. of Old Trafford, Manchester, England. British Arkady Holdings Ltd. is the important company since it owns all of the subsidiaries, such as the Haldane Group. Also in 1973 British Arkady starts to make TVP in Manchester in 3 flavors: TVP Mince 120, TVP Mince 240, and TVP Chunk 10.
  30. ^ a b Aoyagi, Akiko; Shurtleff, William (2015). History of Soybeans and Soyfoods in the United Kingdom and Ireland (1613-2015). Soyinfo Center. p. 10. 1973 Jan. 15 – Archer Daniels Midland Co. (ADM; USA) acquires 50% of British Arkady Holdings Ltd. which simultaneously acquires its subsidiary British Arkady Co. Ltd. Shortly thereafter Arkady installs textured vegetable protein (TVP) plants in Manchester to ADM's design. Most of Arkady's TVP is being sold to food manufacturers (for use in canned stews, etc.) and institutional foodservice, not to retailers.
  31. ^ a b "The History of British Arkady". Baker Perkins Historical Society. 1972 - 1996 - British Arkady, now part of ADM expands its markets across the UK and Ireland and into 21 other countries with a broader range of products including bread mixes, cake, pudding and pastry mixes.
  32. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1974 – ADM in Brazil. 1974 acquired; soybean processing, edible oil refinery; Technologia Tecnologia em Vegetais e Proteinas SA / 50% 1974 acquired / soybean processing, edible oil;
  33. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1976 – ADM starts making soy protein concentrate and textured soy protein concentrate; the latter was initially named TVP/2.
  34. ^ a b Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1982 Dec. – ADM buys 80% of Alfred C. Toepfer International (ACTI), a grain trading firm based in Germany. With this, ADM became a multinational grain trader
  35. ^ "Collingwood to Sell Units". Retrieved July 25, 2022.
  36. ^ Troy, Mike (2021-07-25). "Plant-Based Burger Innovator ADM Forecasts $30B Alternative Protein Opportunity". Progressive Grocer. Retrieved 2023-04-21.
  37. ^ Eichenwald, Kurt (1997-04-18). "Andreas Retires as Chief of Archer Daniels". The New York Times. ISSN 0362-4331. Retrieved 2023-04-21.
  38. ^ Lambert, Emily (2006-03-24). "End of the Line". Forbes. Retrieved 2023-04-21.
  39. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date May 1, 2006" (PDF). secdatabase.com. Retrieved January 13, 2013.
  40. ^ Henshaw, Caroline; Berry, Ian (December 20, 2012). "ADM, Graincorp CEOs Square Off". The Wall Street Journal. p. B2.
  41. ^ a b Cancino, Alejandra (2014-11-06). "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. Retrieved 2023-04-20.
  42. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date Feb 6, 2007". secdatabase.com. Retrieved January 13, 2013.
  43. ^ Nunes, Keith (2014-11-06). "Archer Daniels Midland Co names new ceo". Food Business News. Retrieved 2023-04-20.
  44. ^ a b Feast, Lincoln; Packham, Colin (2013-11-28). "Australia surprises with rejection of $2.55 billion GrainCorp takeover by ADM". Reuters. Retrieved 2023-05-01.
  45. ^ "ADM buys ingredients company Wild Flavors for about $3 billion". Chicago Tribune. 7 July 2014.
  46. ^ Berry, Freya; Schuetze, Arno (2014-07-07). "U.S. agribusiness ADM to acquire Wild Flavors for $3 billion". Reuters. Retrieved 2023-04-21. U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavoring and the health-conscious food sectors.
  47. ^ Almeida, Isis (2020-10-21). "Commodities King ADM Pivots to Pet Food, Veggie Burgers, and Probiotics". Bloomberg. Retrieved 2023-04-21. Fighting stagnation in its old-line businesses, the company is searching for growth in the future of nutrition.
  48. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  49. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  50. ^ "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021. Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
  51. ^ Kuehner-Herbert, Katie (2019). "'Monster Acquisitions' Aside, ADM Is On A Bite-Sized Buying Spree Under CEO Juan Luciano". Chief Executive. Retrieved April 29, 2023.
  52. ^ Hunt, Sarah; McFarlane, Nigel (2015-10-16). "Olam completes acquisition of ADM's cocoa business". Reuters. Retrieved May 1, 2023.
  53. ^ Pothering, Jessica (February 25, 2021). "Agtech CVC: ADM Ventures on the many ways corporations can invest in innovators" (PDF). AgFunderNews. Retrieved May 15, 2023. She held various strategic roles at natural ingredients company WILD Flavors before it was acquired by Archer-Daniels-Midland (ADM) in 2014. Two years later, de la Huerga was made vice president of the U.S. agrifood giant's venture investing group, ADM Ventures.
  54. ^ "Annual Report 2017". ADM. 2018. Retrieved May 15, 2023. ADM Ventures, which was launched by the Company in October 2016, has made its first selections of high-potential, new-product development projects from its business units.
  55. ^ Nunes, Keith (January 10, 2023). "ADM Ventures investing in the future of food". Food Business News. Retrieved May 15, 2023. 'One of the first focus areas for ADM Ventures was alternative proteins,' said Darren Streiler, vice president of venture capital. 'ADM has an over 75-year history in plant-based proteins, but ADM Ventures was charged with looking beyond ADM's business in plant proteins.'
  56. ^ Plume, Karl (2017-01-31). "Archer Daniels Midland to Sell Crop Risk Services to Validus". Insurance Journal. Retrieved 2023-05-01.
  57. ^ Schroeder, Eric (2015-10-01). "ADM to acquire Eatem Foods | Food Business News". Food Business News. Retrieved 2023-04-21.
  58. ^ "ADM reaches deal to purchase Eatem Foods Co". Herald-Review. 2015-10-06. Retrieved 2023-04-21.
  59. ^ "ADM buys Kansas dog food firm". Dispatch Argus. Moline Dispatch Publishing Co. January 16, 2017. Retrieved May 15, 2023.
  60. ^ "ADM is betting on a pet food boom". Crain's Chicago Business. September 8, 2021. Retrieved May 15, 2023. The move adds to ADM's other investments in animal nutrition of Crosswind pet treats in 2017 and pet-food maker Neovia in 2019.
  61. ^ Shultz, Hank (June 29, 2018). "ADM expands probiotics reach with $243 million acquisition of UK manufacturer". NutraIngredients-LATAM. Retrieved May 15, 2023.
  62. ^ "Spanish Biotech Industry: Main Success Stories" (PDF). Spanish Bioindustry Association. 2018. Retrieved May 15, 2023. In 2017, the biopharmaceutical company Biofabri acquired 100% of the company Probiosearch and 80% of the company Bialactis Biotech. Archer Daniels Midland (ADM) acquired 90% of Biopolis' shares.
  63. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved May 1, 2023.
  64. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved January 21, 2018.
  65. ^ Huffstutter, P.J.; Stauffer, Caroline (2019-01-16). "Exclusive: ADM CEO says wrong time for 'monster' acquisitions". Reuters. Retrieved 2023-05-01.
  66. ^ Huffstutter, P.J.; Polansek, Tom (March 19, 2018). "ADM restructures business groups as grain margins falter". Reuters. Retrieved April 29, 2023.
  67. ^ Einstein-Curtis, Aerin (March 20, 2018). "ADM realigns business to build on growth momentum". Feed Navigator. Retrieved April 29, 2023.
  68. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  69. ^ "ADM expands portfolio with $243 million acquisition of UK probiotics company". Herald & Review. June 29, 2018. Retrieved March 9, 2021.
  70. ^ Schroeder, Eric (July 24, 2018). "ADM to expand vanilla capabilities via acquisition". Food Business News. Retrieved May 15, 2023. Archer Daniels Midland Co. has reached an agreement to acquire Rodelle Inc., a processor and supplier of vanilla products.
  71. ^ "ADM completes Rodelle acquisition, pays $13.19M for HQ, land". BizWest. September 10, 2018. Retrieved May 15, 2023.
  72. ^ Reidy, Susan (August 16, 2018). "ADM to purchase Brazilian oilseed processing facilities". World Grain. Retrieved May 15, 2023.
  73. ^ Einstein-Curtis, Aerin (August 17, 2018). "ADM expands Brazilian presence with oilseed facilities". FeedNavigator. William Reed Ltd. Retrieved May 15, 2023.
  74. ^ "ADM to buy rest of UK grain merchant Gleadell from InVivo". Reuters. January 17, 2019. Retrieved March 9, 2021.
  75. ^ Bouffard, Kevin (2019-03-14). "ADM purchases Florida Chemical". The Ledger. Retrieved 2023-04-21.
  76. ^ Sherred, Kristine (March 21, 2019). "Archer Daniels adds another natural citrus to the mix with Ziegler Group acquisition". ConfectioneryNews. Retrieved May 15, 2023.
  77. ^ Gelski, Jeff (March 15, 2019). "ADM to acquire citrus flavor supplier". Food Business News. Sosland. Retrieved May 15, 2023.
  78. ^ de La Hamaide, Sybille (June 18, 2019). "ADM to cut jobs at animal feed unit Neovia in France". Reuters. Retrieved March 9, 2021.
  79. ^ "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021.
  80. ^ Miller, Ben (2021-09-08). "ADM buys majority stake in four pet food companies for $450 million". Chicago Business Journal. Retrieved 2023-04-21.
  81. ^ Donley, Arvin (2021-11-29). "ADM completes Sojaprotein acquisition | World Grain". World-Grain. Retrieved 2023-04-21.
  82. ^ Schroeder, Eric (November 4, 2021). "ADM finalizes acquisition of Deerland Probiotics & Enzymes". World Grain. Retrieved May 15, 2023.
  83. ^ Casey, Chris (November 23, 2021). "ADM to buy Deerland Probiotics & Enzymes". Food Dive. Industry Dive. Retrieved May 15, 2023.

|}

As you can see, I kept as much existing material as possible but also added a lot of new details throughout about significant acquisitions and expansions. I know this is a lot to assess, but once I got started researching ADM's early history I found that there were a lot of gaps in the company's later history as well.

I've done my best to present all of these new details in an encyclopedic fashion. But I recognize that, as a representative of ADM, I have a clear COI and uninvolved editors will need to carefully review everything.

Please let me know if there's anything at all I can do to assist with this process. I really do appreciate the efforts of volunteer editors to keep articles up-to-date and accurate. ADMDane (talk) 19:25, 13 June 2023 (UTC)[reply]

I'm hoping that Kpgjhpjm or Graywalls can take a look at this request, as they've recently been active on this Talk page. Thank you! ADMDane (talk) 22:02, 28 June 2023 (UTC)[reply]
I don't feel like blow-by-blow details of "agreed to purchase" needs to be included. It's supposed to be encyclopedic, so announcements in real time is rather routine. Graywalls (talk) 22:41, 28 June 2023 (UTC)[reply]
I personally don't find anything wrong with the draft . But I will wait for the opinion of a couple more editors before making any change . Kpgjhpjm 08:45, 29 June 2023 (UTC)[reply]
@Kpgjhpjm: It is supposed to be an encyclopedia rather than the news and letting companies draft out exactly what they want written into the page and approving/denying and simply copying it as is in the presentation they want isn't ideal. Routine mergers/acquisitions and them agreeing to buy something are a better fit for their own website rather than on the encyclopedia. Not that the information is inaccurate, but I feel its undue. Graywalls (talk) 14:38, 30 June 2023 (UTC)[reply]
I do partially agree with your viewpoint here . Maybe shorten down the recent history section especially to include only the major events or acquisitions ? Kpgjhpjm 15:02, 30 June 2023 (UTC)[reply]

Reply 2-JUL-2023[edit]

Below you will see where proposals from your request have been quoted with reviewer decisions and feedback inserted underneath, either accepting, declining or otherwise commenting upon your proposal(s). Please read the enclosed notes within the proposal review section below for information on each request.  Spintendo  20:45, 2 July 2023 (UTC)[reply]

Edit request review 2-JUL-2023

In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota. George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
 Approved.Cite error: There are <ref> tags on this page without content in them (see the help page).


The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.
no Declined.[note 1]


n 1924, ADM was listed on the New York Stock Exchange.
no Declined.[note 2]


A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.
no Declined.[note 3]


In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.
Clarification needed.[note 4]


In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.
no Declined.[note 5]


The rapid development of similar extraction plants soon followed.
no Declined.[note 6]


By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees and by 1952 the company was operating overseas and manufacturing over 700 products.
no Declined.[note 7]


In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials
 Approved.Cite error: There are <ref> tags on this page without content in them (see the help page).


In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations
Clarification needed.[note 8]


Dwayne Andreas was named CEO of ADM in 1970, and two years later is was elected chairman of the company's board.
 Approved.Cite error: There are <ref> tags on this page without content in them (see the help page).


Under his leadership, Archer Daniels Midland acquired many smaller companies and expanded into international markets, eventually becoming one of the world's largest agricultural processing companies.
no Declined.[note 9]


During this period, the company's soybean exports increased from $1.5 billion to $7 billion.
no Declined.[note 10]


In January 1973, ADM acquired a controlling stake (50%) of British Arkady Holdings Ltd., the parent company the assorted Arkady baking brands. British Arkady's Manchester plant soon began producing textured vegetable protein. As a division of ADM, British Arkady expanded its market presence and began offering a wider range of products.
no Declined.[note 11]


In 1974, ADM made its first expansion into Europe and South America when the company acquired soybean plants in Holland and Brazil.
no Declined.[note 12]


In 1976, ADM began making textured soy protein concentrate and soy protein concentrate, the textured version named "TVP 2"
no Declined.[note 13]


In 1982, ADM bought 80% of Toepfer International, a Germany-based grain trading firm. The move made ADM a multinational grain trading company.
 Partly-approved.[note 14]


In 1989, ADM purchased Collingwood Grain Inc. based in Hutchinson, Kansas, adding 48 million bushels of grain storage at 36 terminal elevators.
Clarification needed.[note 15]


1991, ADM used its patent on textured vegetable protein to create the first soy-based veggie burger.
no Declined.[note 16]


Dwayne Andreas stepped down from his position as CEO in 1997 and was succeeded by his nephew G. Allen Andreas. In March 2006, G. Allen Andreas announced he was stepping down as CEO. Later, in May 2006, Patricia A. Woertz became the company's chief executive officer. In February 2007, Woertz was elected chairman of the board at ADM. The transition occurred a year after the company pleaded guilty to price-fixing.
no Declined.[note 17]


In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia. On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation. On July 7, 2014, the company announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors. ADM announced the the appointment of current CEO Juan R. Luciano on November 5, 2014. Luciano initially joined the company in 2011 as chief operating officer. Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.
 Already done.[note 18]


The company announced the sale of its global cocoa business to Singaporean agricultural company Olam International for $1.2 billion in October 2015
Clarification needed.[note 19]


In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins. In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. Later that same month, ADM acquired Vineland, New Jersey based company Eatem Foods, a developer and producer of natural and organic savory flavor systems, and also announced the acquisition of Crosswind Industries, Inc., a Kansas-based pet treat manufacturer. Later that year, ADM acquired the Spanish biotechnology firm Biopolis.
Clarification needed.[note 20]


The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time. At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017. In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.
 Already done.[note 21]


In March 2018, ADM restructured into business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services. The next year, the company announced it was it was consolidating the ag services and oilseed units.
no Declined.[note 22]


ADM agreed to purchase the British probiotic supplement company Probiotics International Limited for $243 million in June 2018. The next month, ADM announced it would purchase Colorado-based vanilla company Rodelle Inc. In August 2018, ADM reached an agreement to purchase oilseed processing facilities from Brazil-based Algar Agro. In January 2019, ADM agreed to purchase the remaining 50 percent stake in British grain and oilseed producer Gleadell from the French company InVivo, and a few months later the company purchased citrus oils and flavors company Florida Chemical for $175 million, and the Ziegler Group, a European provider of natural citrus flavor ingredients. In November ADM completed the acquisition of animal nutrition company Neovia for $1.73 billion.
 Already done.[note 23]


In September 2021, ADM announced they bought a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery. Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein, and completed its acquisition of Deerland Probiotics & Enzymes.
Clarification needed.[note 24]


___________

  1. ^ While the proposed text states that the company had a certain number of total assets and capacity, the provided source states only that the company would have these items, as the deal had not gone through at the time of the article's published date.
  2. ^ The provided source only states that the company was "going public", not that it was being offered by the NYSE specifically.
  3. ^ The proposed text states "a series of acquisitions" but does not delineate what those acquisitions were.
  4. ^ The Commander Larabee Corp is not Wikilinked. Please provide the WL for this company.
  5. ^ The source for this claim, written by Ron Kotrba and Tom Bryan, is not, itself, sourced. The provenance for this information is not clear.
  6. ^ Per WP:SWYRT, the reference for this claim is not the same reference used by the source itself.
  7. ^ The source for this claim, written by Ron Kotrba and Tom Bryan, is not, itself, sourced. The provenance for this information is not clear. Additionally, the claim "over 700 products" is not clear, in that these products are not delineated.
  8. ^ Per WP:INTEGRITY, it's not clear from the placement of these references which of the three validates the claim that the brothers became minority shareholders.
  9. ^ It is not known what is meant by the term "many smaller companies".
  10. ^ Per WP:NOTEVERYTHING, the company's individual export levels, and whether those rose or fell according to certain time periods, are not the purview of the article.
  11. ^ The British Arkady Company has not been Wikilinked.
  12. ^ Per WP:NOTEVERYTHING.
  13. ^ the difference between textured and non-textured soy protein concentrate has not been delineated.
  14. ^ The claim regarding the purchase of Toepfer was implemented. The sentence regarding "multinational grain trading company" is redundant and was not implemented.
  15. ^ Collingwood is not Wikilinked.
  16. ^ It's not clear how the use of the patent led to the creation of the item.
  17. ^ Changes of leadership within the family is routine coverage. The claim regarding price fixing is not specific about the details of the pleading.
  18. ^ The asked-for changes in this section of the edit request are already in the article.
  19. ^ It's not clear what is meant by the term "its global cocoa business". Please give the name of this company.
  20. ^ Please provide the wikilinks for these companies.
  21. ^ The asked-for changes in this section of the edit request are already in the article.
  22. ^ It is not known what is meant by the terms "restructured" and "consolidating".
  23. ^ The asked-for changes in this section of the edit request are already in the article.
  24. ^ Please provide the Wikilinks for these companies.

History[edit]

Early history[edit]

In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.[1][2][3] George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company.[1][4] In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.[5][6][7] The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.[7][8][5]

In 1924, ADM was listed on the New York Stock Exchange.[9][10][11] A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.[12][13] In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.[14][15][16] In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.[13][17] The rapid development of similar extraction plants soon followed.[17][18]

By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees,[19] and by 1952 the company was operating overseas and manufacturing over 700 products.[20]

In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.[21] In 1965, ADM registered the original patent for textured vegetable protein and began producing the soy flour product at its Decatur East Plant by 1966.[22][23]

In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM[24] and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations.[25][26]

Chief Executive Officers
Started Name
1970 Dwayne Andreas
1997 G. Allen Andreas
2006 Patricia A. Woertz
2015 Juan Luciano

Dwayne Andreas period[edit]

Dwayne Andreas was named CEO of ADM in 1970,[2] and two years later was elected chairman of the company's board.[27] Under his leadership, Archer Daniels Midland acquired many smaller agricultural companies and expanded into international markets,[28] eventually becoming one of the world's largest agricultural processing companies.[2][29] During this period, the company's soybean exports increased from $1.5 billion to $7 billion.[2][30]

In 1974, ADM made its first expansion into Europe and South America when the company acquired soybean plants in Holland and Brazil.[31][6]

In 1982, ADM established international grain operations when it purchased 80% of Toepfer International, a Germany-based grain trading firm.[32]

In 1989, ADM purchased Collingwood Grain Inc. based in Hutchinson, Kansas, adding 48 million bushels of grain storage at 36 terminal elevators.[33]

Dwayne Andreas stepped down from his position as CEO in 1997 and was succeeded by his nephew G. Allen Andreas.[34] The transition occurred a year after the company pleaded guilty to price-fixing.[29][28]

Recent history[edit]

In March 2006, G. Allen Andreas announced he was stepping down as CEO.[35] Later, in May 2006, Patricia A. Woertz became the company's chief executive officer.[36][37][38] In February 2007, Woertz was elected chairman of the board at ADM.[39][40]

In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[41] On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation.[41]

On July 7, 2014, the company announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors.[42][43][44]

ADM announced the appointment of current CEO Juan R. Luciano on November 5, 2014.[45] Luciano initially joined the company in 2011 as chief operating officer.[38] Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.[46][47][48]

In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins.[49][50][51]

The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time.[52] At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[53] In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.[54]

In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services.[55][56] The next year, the company announced it was consolidating the ag services and oilseed units.[57]

In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery.[58] Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein,[59] and completed its acquisition of Deerland Probiotics & Enzymes.[60][61]

References

  1. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. John W. Daniels began crushing flaxseed to make linseed oil in Ohio in 1878, and in 1902 he moved to Minneapolis, Minnesota, to organize the Daniels Linseed Company. The company consisted of a flax crushing plant that made three products: raw linseed oil, boiled linseed oil, and linseed cake or meal. In 1903 George A. Archer joined the firm, and in a few years it became the Archer-Daniels Linseed Company.
  2. ^ a b c d Schneider, Keith (2016-11-17). "Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98". The New York Times. Retrieved 2023-04-19.
  3. ^ Black, Sam; Halter, Nick (2013-10-04). "Why ADM should move home to Minnesota". Minneapolis / St. Paul Business Journal. Retrieved 2023-04-19.
  4. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 5. 1904 – Mr. Archer joins with John W. Daniels to organize the Archer-Daniels Co. On 7 Feb. 1905 it was voted to take the necessary steps toward changing the firm's name to the Archer-Daniels Linseed Company. George A. Archer, who owned 50% of the company, was president.
  5. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. In 1923 the company purchased the Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
  6. ^ a b Valente, Michael (2009). "Archer Daniels Midland Company (ADM)" (PDF). American Chemical Society.
  7. ^ a b Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020). Soyinfo Center. p. 5. The Archer-Daniel-Midland Company is organized to take over the plants of Midland and the assets of Archer-Daniels Linseed Company and the Midland Linseed Products Company. The new corporation, with total assets exceeding $11,000,000, incorporated in Delaware, will control about 35% of the linseed mill capacity in the United State.
  8. ^ "ADM Milling closing N Kansas City mill". Wausau Daily Herald. 1923-04-23. p. 10. Retrieved 2023-04-20. Merger of the Archer of the Archer-Daniels Linseed company and Midland Linseed Products company of Minneapolis into a corporation with total assets exceeding $11,000,000 and which will control about thirty-five per cent of the linseed mill capacity of the United States, became known here today.
  9. ^ Mall, Scott (April 11, 2021). "FreightWaves Haul of Fame: ADM Trucking serves ADM and others". FreightWaves. Retrieved July 5, 2023. The company went public in 1924, and was listed on the New York Stock Exchange.
  10. ^ LUSVARDI, CHRIS (2009-12-03). "ADM execs ring closing bell at New York Stock Exchange". Herald-Review.com. Retrieved 2023-04-19.
  11. ^ Mattioli, Dana; Bunge, Jacob (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. Retrieved April 19, 2023.
  12. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. Throughout the 1920s the company made steady purchases of oil processing companies in the Midwest while engaging in other agricultural activities.
  13. ^ a b Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. In 1927, ADM's grain division was established, and in 1934, the company initiated its first continuous solvent extraction at its Chicago soybean crushing facility, using soybeans and the new chemical process to successfully extract soybean oil from the oilseeds.
  14. ^ "Business: Commander to the Gulf". Time. June 27, 1932.
  15. ^ Sosland, Josh (2010-03-10). "ADM Milling closing N Kansas City mill". Baking Business. Retrieved 2023-04-20.
  16. ^ Mitchell, Julie A. (2001). Notable Corporate Chronologies. Vol. 1. Gale Group. p. 162. 1930: ADM acquires the Commander - Larabee Co., a huge flour miller capable of producing 32,000 barrels per day.
  17. ^ a b MacGree, Ernest A. (August 1947). "Vegetable Oil extraction solvents; History and general composition". Oil Mill Gazetter. International Association of Oil Mill Superintendents. Retrieved July 5, 2023 – via Texas A&M University. The ADM plant in March 1934 represented a 'turning point and marketed the beginning of the large scale edible oil extraction industry as it is known today.' Installations of other large-capacity continuous plants followed in rapid succession.
  18. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. 1934 March – ADM begins operating the first large-scale continuous solvent extraction plant in the USA in Chicago, Illinois. The plant used a 'Hildebrandt' extractor to process 100 tons/day of soybeans. The solvent was petroleum naphtha of the hexane type.
  19. ^ Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. By 1952, ADM's workforce had grown to 5,000 employees.
  20. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. When President Thomas L. Daniels (son of the founder) and Chairperson Samuel Mairs celebrated Archer Daniels Midland's 50th anniversary in 1952, the company was manufacturing over 700 standard products and had extended its operations overseas.
  21. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. 1962 April – Archer Daniels Midland Co. introduces a new trademark and decides to consistently call itself "ADM" (Soybean Digest, p. 27).
  22. ^ Reid, Tony (2022-09-30). "Decatur a central part of ADM's past, future". Herald & Review. Retrieved 2023-04-21.
  23. ^ "Archer-Daniels-Midland: "ADM Has the Formulation Knowledge That Brings New and Exciting Products to Life" - vegconomist - the vegan business magazine". Vegconomist. 2021-12-02. Retrieved 2023-04-21.
  24. ^ Meersman, Tom (2016-11-29). "Obituary: Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved 2023-04-21.
  25. ^ Gasparro, Annie (September 26, 2013). "ADM Leaves Decatur With Little Town Blues". The Wall Street Journal. Retrieved February 17, 2021. It moved its headquarters here from Minneapolis in 1969.
  26. ^ Perlman, Seth (March 1, 2017). "Archer Daniels Midland - 4,159 employees". Herald & Review. Retrieved February 17, 2021. ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.
  27. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1972 – Dwayne Andreas is elected chairman of the board at ADM.
  28. ^ a b Mercer, David (2016-11-16). "Dwayne Andreas, who transformed Archer Daniels Midland into global powerhouse, dies at 98". Washington Post. Retrieved 2023-04-19. His use of political clout — and his aggressive acquisition of smaller companies and expansion into new markets — built ADM into one of the world's largest agricultural processing, marketing and distributing companies. Cite error: The named reference "Mercer" was defined multiple times with different content (see the help page).
  29. ^ a b Miller, Stephen (2016-11-16). "Dwayne Andreas, Who Made ADM World's Supermarket, Dies at 98". Bloomberg. Retrieved 2023-04-19.
  30. ^ Meersman, Tom (November 29, 2016). "Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved May 29, 2022.
  31. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1974 – ADM in Brazil. 1974 acquired; soybean processing, edible oil refinery; Technologia Tecnologia em Vegetais e Proteinas SA / 50% 1974 acquired / soybean processing, edible oil;
  32. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 8. 1982 Dec. – ADM buys 80% of Alfred C. Toepfer International (ACTI), a grain trading firm based in Germany. With this, ADM became a multinational grain trader
  33. ^ "Collingwood to Sell Units". Retrieved July 25, 2022.
  34. ^ Eichenwald, Kurt (1997-04-18). "Andreas Retires as Chief of Archer Daniels". The New York Times. ISSN 0362-4331. Retrieved 2023-04-21.
  35. ^ Lambert, Emily (2006-03-24). "End of the Line". Forbes. Retrieved 2023-04-21.
  36. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date May 1, 2006" (PDF). secdatabase.com. Retrieved January 13, 2013.
  37. ^ Henshaw, Caroline; Berry, Ian (December 20, 2012). "ADM, Graincorp CEOs Square Off". The Wall Street Journal. p. B2.
  38. ^ a b Cancino, Alejandra (2014-11-06). "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. Retrieved 2023-04-20.
  39. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date Feb 6, 2007". secdatabase.com. Retrieved January 13, 2013.
  40. ^ Nunes, Keith (2014-11-06). "Archer Daniels Midland Co names new ceo". Food Business News. Retrieved 2023-04-20.
  41. ^ a b Feast, Lincoln; Packham, Colin (2013-11-28). "Australia surprises with rejection of $2.55 billion GrainCorp takeover by ADM". Reuters. Retrieved 2023-05-01.
  42. ^ "ADM buys ingredients company Wild Flavors for about $3 billion". Chicago Tribune. 7 July 2014.
  43. ^ Berry, Freya; Schuetze, Arno (2014-07-07). "U.S. agribusiness ADM to acquire Wild Flavors for $3 billion". Reuters. Retrieved 2023-04-21. U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavoring and the health-conscious food sectors.
  44. ^ Almeida, Isis (2020-10-21). "Commodities King ADM Pivots to Pet Food, Veggie Burgers, and Probiotics". Bloomberg. Retrieved 2023-04-21. Fighting stagnation in its old-line businesses, the company is searching for growth in the future of nutrition.
  45. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  46. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  47. ^ "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021. Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
  48. ^ Kuehner-Herbert, Katie (2019). "'Monster Acquisitions' Aside, ADM Is On A Bite-Sized Buying Spree Under CEO Juan Luciano". Chief Executive. Retrieved April 29, 2023.
  49. ^ Pothering, Jessica (February 25, 2021). "Agtech CVC: ADM Ventures on the many ways corporations can invest in innovators" (PDF). AgFunderNews. Retrieved May 15, 2023. She held various strategic roles at natural ingredients company WILD Flavors before it was acquired by Archer-Daniels-Midland (ADM) in 2014. Two years later, de la Huerga was made vice president of the U.S. agrifood giant's venture investing group, ADM Ventures.
  50. ^ "Annual Report 2017". ADM. 2018. Retrieved May 15, 2023. ADM Ventures, which was launched by the Company in October 2016, has made its first selections of high-potential, new-product development projects from its business units.
  51. ^ Nunes, Keith (January 10, 2023). "ADM Ventures investing in the future of food". Food Business News. Retrieved May 15, 2023. 'One of the first focus areas for ADM Ventures was alternative proteins,' said Darren Streiler, vice president of venture capital. 'ADM has an over 75-year history in plant-based proteins, but ADM Ventures was charged with looking beyond ADM's business in plant proteins.'
  52. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved May 1, 2023.
  53. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved January 21, 2018.
  54. ^ Huffstutter, P.J.; Stauffer, Caroline (2019-01-16). "Exclusive: ADM CEO says wrong time for 'monster' acquisitions". Reuters. Retrieved 2023-05-01.
  55. ^ Huffstutter, P.J.; Polansek, Tom (March 19, 2018). "ADM restructures business groups as grain margins falter". Reuters. Retrieved April 29, 2023.
  56. ^ Einstein-Curtis, Aerin (March 20, 2018). "ADM realigns business to build on growth momentum". Feed Navigator. Retrieved April 29, 2023.
  57. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  58. ^ Miller, Ben (2021-09-08). "ADM buys majority stake in four pet food companies for $450 million". Chicago Business Journal. Retrieved 2023-04-21.
  59. ^ Donley, Arvin (2021-11-29). "ADM completes Sojaprotein acquisition | World Grain". World-Grain. Retrieved 2023-04-21.
  60. ^ Schroeder, Eric (November 4, 2021). "ADM finalizes acquisition of Deerland Probiotics & Enzymes". World Grain. Retrieved May 15, 2023.
  61. ^ Casey, Chris (November 23, 2021). "ADM to buy Deerland Probiotics & Enzymes". Food Dive. Industry Dive. Retrieved May 15, 2023.

|}

On to Spintendo's granular comments. I tried to duplicate your list and add my own notes explaining the changes I made or otherwise addressing your feedback. I should note that many of your comments concern claims from the existing article, so even when you "denied" these changes the original claims remain in the History section but often without proper citation (which is something I added throughout my draft). In fact, many of the citations I added to the draft to improve sourcing have still not been incorporated, even when the claims have been updated.

And though I understand why you only want to focus on acquisitions of companies notable enough to have their own Wikipedia entries, in some cases these deals are illustrative of ADM's expansion and growth and for that reason I did retain some of them in order to "show not tell" and otherwise support contextual claims about the company's expansion.

Response to edit request review 2-JUL-2023

In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota. George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
[note 1]


The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.
[note 2]


In 1924, ADM was listed on the New York Stock Exchange.
[note 3]


A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.
[note 4]


In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.
[note 5]


In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.
[note 6]


The rapid development of similar extraction plants soon followed.
[note 7]


By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees and by 1952 the company was operating overseas and manufacturing over 700 products.
[note 8]


In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.
[note 9]


In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations.
Clarification needed.[note 10]


Dwayne Andreas was named CEO of ADM in 1970, and two years later was elected chairman of the company's board.
 Approved.[note 11]


Under his leadership, Archer Daniels Midland acquired many smaller companies and expanded into international markets, eventually becoming one of the world's largest agricultural processing companies.
[note 12]


During this period, the company's soybean exports increased from $1.5 billion to $7 billion.
[note 13]


In January 1973, ADM acquired a controlling stake (50%) of British Arkady Holdings Ltd., the parent company of the assorted Arkady baking brands. British Arkady's Manchester plant soon began producing textured vegetable protein. As a division of ADM, British Arkady expanded its market presence and began offering a wider range of products.
[note 14]


In 1974, ADM made its first expansion into Europe and South America when the company acquired soybean plants in Holland and Brazil.
[note 15]


In 1976, ADM began making textured soy protein concentrate and soy protein concentrate, the textured version named "TVP 2".
[note 16]


In 1982, ADM bought 80% of Toepfer International, a Germany-based grain trading firm. The move made ADM a multinational grain trading company.
[note 17]


In 1989, ADM purchased Collingwood Grain Inc. based in Hutchinson, Kansas, adding 48 million bushels of grain storage at 36 terminal elevators.
Clarification needed.[note 18]


1991, ADM used its patent on textured vegetable protein to create the first soy-based veggie burger.
[note 19]


Dwayne Andreas stepped down from his position as CEO in 1997 and was succeeded by his nephew G. Allen Andreas. In March 2006, G. Allen Andreas announced he was stepping down as CEO. Later, in May 2006, Patricia A. Woertz became the company's chief executive officer. In February 2007, Woertz was elected chairman of the board at ADM. The transition occurred a year after the company pleaded guilty to price-fixing.
[note 20]


In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia. On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation. On July 7, 2014, the company announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors. ADM announced the appointment of current CEO Juan R. Luciano on November 5, 2014. Luciano initially joined the company in 2011 as chief operating officer. Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.
 Already done.[note 21]


The company announced the sale of its global cocoa business to Singaporean agricultural company Olam International for $1.2 billion in October 2015.
Clarification needed.[note 22]


In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins. In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. Later that same month, ADM acquired Vineland, New Jersey based company Eatem Foods, a developer and producer of natural and organic savory flavor systems, and also announced the acquisition of Crosswind Industries, Inc., a Kansas-based pet treat manufacturer. Later that year, ADM acquired the Spanish biotechnology firm Biopolis.
Clarification needed.[note 23]


The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time. At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017. In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.
 Already done.[note 24]


In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services. The next year, the company announced it was consolidating the ag services and oilseed units.
[note 25]


ADM agreed to purchase the British probiotic supplement company Probiotics International Limited for $243 million in June 2018. The next month, ADM announced it would purchase Colorado-based vanilla company Rodelle Inc. In August 2018, ADM reached an agreement to purchase oilseed processing facilities from Brazil-based Algar Agro. In January 2019, ADM agreed to purchase the remaining 50 percent stake in British grain and oilseed producer Gleadell from the French company InVivo, and a few months later the company purchased citrus oils and flavors company Florida Chemical for $175 million, and the Ziegler Group, a European provider of natural citrus flavor ingredients. In November ADM completed the acquisition of animal nutrition company Neovia for $1.73 billion.
 Already done.[note 26]


In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery. Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein, and completed its acquisition of Deerland Probiotics & Enzymes.
Clarification needed.[note 27]


___________

  1. ^ Glad this was approved, but it seems like the citations I added were not incorporated.
  2. ^ I added a citation here confirming that the acquisition and incorporation occurred in the same year (1923), and thus the 35% figure would have been contemporaneous and not merely forecast.
  3. ^ This is a claim from the existing article. I added another citation confirming that ADM was listed on the New York Stock Exchange in 1924.
  4. ^ The cited sources for the "series of acquisitions" claim include quote parameters with additional details. Given concerns about the number of acquisitions listed elsewhere in this section, it doesn't seem necessary to specify each of these deals as the acquired companies were not themselves notable. The significance of the acquisitions is that, per the language in the claim and the cited sources, they expanded ADM's oil processing capabilities and agricultural operations.
  5. ^ The claim about the Commander Larabee Corp is from the current article. There is no Wikilink for this company. The acquisition does seem notable, though, in that it dramatically increased ADM's production capabilities, as the referenced figures indicate.
  6. ^ I added links to the original Oil Mill Gazetteer article which is summarized in the other cited sources, and confirms the claims (see quoted passage).
  7. ^ Again, I added links to the original Oil Mill Gazetteer article which is summarized in the other cited sources, and confirms the claims (see quoted passage).
  8. ^ The cited passage from Pederson clearly states that by 1952, "the company was manufacturing over 700 standard products and had extended its operations overseas." I removed the second cited source (Kortba and Bryan) as that was only meant to support the workforce figure from the first half of the sentence (where it is also currently cited).
  9. ^ Great!
  10. ^ I moved one of the cited sources so that it directly follows the "minority partners" claim which it confirms.
  11. ^ Great!
  12. ^ I moved the cited WaPo source to earlier in the sentence and added a quote that specifically supports the "smaller companies" claim, and clarified that said smaller companies were agricultural-related.
  13. ^ These figures are meant to quantify the "becoming one of the world's largest agricultural processing companies" claim from the previous sentence, and mirror similar growth metrics from elsewhere in the article.Again, my aim here was to show not just tell by providing supporting figures when relevant.
  14. ^ This cut seems fine!
  15. ^ Both contemporaneous coverage of the Dwayne Andreas era and retroactive assessments highlight how ADM expanded significantly under his leadership, so it seems relevant to show (not merely tell) how this actually occurred.
  16. ^ This cut seems fine.
  17. ^ Slightly reworded this one.
  18. ^ Again, this is a claim from the existing article. Though the company is not Wikilinked, the acquisition seems relevant as it underscores how ADM's grain operations continued to expand during this period.
  19. ^ This cut seems fine.
  20. ^ This is a tumultuous and newsworthy period in the company's history. I was essentially adding *new* critical details about ADM here in an effort to be encyclopedic and comprehensive. If another editor wants to expand this paragraph, that would be fine.
  21. ^ To be clear, my original request clarified that I attempted to keep existing material when it made sense to do so, so this was not an "ask."
  22. ^ This is another existing claim from the article. I tried to be helpful by updating the citation. The "global cocoa business" refers to ADM's cocoa operations, not a separate company.
  23. ^ I trimmed this paragraph down to only the ADM Ventures details.
  24. ^ This is not already done, as my draft includes details that aren't featured in the current article.
  25. ^ In response to your comment, 'restructured' and 'consolidated' are extremely common business terms. I added Wikilinks.
  26. ^ My new draft cuts out this paragraph.
  27. ^ These deals seem notable even though not all of the companies are Wikilinked, as they reflect an expansion of business operations.

I've tried to be as thorough as possible in responding to feedback, but please forgive me if I missed something or messed up the formatting. For instance, I struggled to get the note tags to work correctly in my itemized response, so please refer to the full list of comments for notes #3 and #6. Thank you all again for your assistance with this matter. I clearly have a COI and I recognize that my suggestions will be (and should be) treated with scrutiny, but I think that by working together on this we can really improve the History section. Again, I will not be making any changes myself so I'm hoping editors will review what I've put together. ADMDane (talk) 18:30, 7 July 2023 (UTC)[reply]

Thank you for supplying these changes I'll review them shortly. And it's understandable if you were unable to duplicate my formatting as well as I do, it is quite complex.[a] So no worries there. I would note that any sources which rely on company or industry provided information (such as world-grain, asebio) will not be approved. Likewise, publications which cover the industry (such as feednavigator.com, Unconventional Ag News, etc) will be heavily scrutinized, as these oftentimes rely on company provided information (and sometimes financing) for their stories in absence of any independent investigative journalism as other, higher quality sources offer through their reporting. Regards,  Spintendo  20:13, 7 July 2023 (UTC)[reply]

Notes

  1. ^ I'd add that my formatting was specifically created for the purpose of text reviews, so I wouldn't expect it to work very well for text proposals. Since you were having difficulty with it, I've turned it off in your reply text for now.

Reply 7-JUL-2023[edit]

there are several issues here, I'll try to address them in order

  1. You have responded to a lot of my concerns in my earlier request review,(your response being in the ill formatted section) but you've also submitted what looks to be a completely separate request asking for information to be substituted. (the draft version above, at the top of your request. There needs to be an economy of requests here. It's not advised to do this dual track system. I read through your responses and now see this section was to compliment the above section and is not a separate section. Labeling it as a separate section was my mistake.
  2. You've asked for substitutions to be made either in text or in references but you have not supplied the text or references that are to be removed from the article. The instructions state "describe the requested changes in detail. This includes the exact proposed wording of the new material, the exact proposed location for it, and an explicit description of any wording to be removed, including removal for any substitution." Text from your proposal which already exists in the article and is in need of only improved or added references should be indicated as such. This can be done by using the highlight parameter.
  3. Previous editors have made their concerns known about the length of the sections. You've stated that you whittled it down to just the important details. If the details are important, then they would have been covered by major reliable third-party sources. There are still references to company provided information, company press release related information, and information from industry related sources[a] (which is likely also company produced/informed information). As an earlier editor stated, the Wikipedia page is not the place for a comprehensive history of the company. At the risk of speaking for them I would guess that they would also state that if company information was important enough, it would have been covered by major reliable third-party sources. Thus, only high quality sources should be provided for information to be included here. Those sources must be third party. (not food industry or company produced/informed sources). I'm afraid that as larger amounts of company-history minutiae is proposed, the more rigorous we need to be about where the sources are coming from (per WP:BALASP). As the current request contains many of these company produced/informed sources, and because it does not include the text or references already in the article that the requestor wishes to be removed,[b] I'm declining the request.
  4. I and other editors stand ready to review additional requests which follow these suggested guidelines on proposed/prior text inclusion and sourcing.[c] Regards,  Spintendo  01:00, 8 July 2023 (UTC) updated underlined and strikeout texts  Spintendo  05:13, 10 July 2023 (UTC)[reply]

Notes

  1. ^ This includes SEC filings, which fall under the rubric of company-produced information.
  2. ^ You've stated that there is text in your proposal which is already in the article. Text and / or references from your proposal which are already in the article need to be explicitly identified as such in the request. This can be done by using the highlight parameter.
  3. ^ The suspect sources from your references list include No's 1 (which states "The histories were compiled from publicly accessible sources, as well as from material supplied by the companies themselves") 3, 5, 6, 9, 12, 13, 15, 16, 17, 19, 20, 23, 36, 39, 40, 46, 48, 49, 50, 51, 56, 59, 60, 61. Numbers 4, 7, 18, 21, 27, 31 and 32 are all to the same source. None of the numbers I've just mentioned are to high quality reliable third party sources.

More individual feedback on the sources:

  • The Korba source is written like an advertisement with flowery language
  • The Sosland source is an interview with one of the executives of the company
  • The Pothering source is an interview with another executive
  • The Nunes source is an interview with an executive
  • The Schroeder and Donley sources are interviews with executives from ADM
  • There are two SEC filings and reports which is all company provided information
  • The Vegconomist source is an interview with one of the executives
  • The Mitchell source uses company provided information
  • The Valente source comes from ACS
  • The Pederson source uses company supplied information
  • The Ayoyagi source, which is used a lot, does have a lot of good information in it— and when it does, it lists the source of that information. However, that source is not a panacea. There are several entries which list no source, and surprisingly, there are some entries—including one covering the year 1972—which lists Wikipedia as the source, which takes us into WP:WALLEDGARDEN territory, not to mention WP:WINARS. The fact that Ayoyagi would consult Wikipedia for their research, and then felt comfortable publishing that information in their pdf, is a serious knock on their credibility IMHO.[a]
  • There's also a lot of padding going on in the edit request proposal where multiple references covering the same story are used, or circumstances where the same information is repeated twice. The June 11, 2019 source from Kiernan-Stone "ADM reorganizes for second time in 14 months" and a different article from Kuehner-Hebert titled "Monster acquisitions aside, ADM is on a bite-sized buying spree" (which covered the exact same story) were used as references for two separate claims in the article that are identical: "under Luciano's leadership, the company restructured its business segments" in one paragraph (referenced by the latter source), and then several paragraphs down it is mentioned "in 2019 ADM consolidated its Ag services and oil seed units" (referenced by the former source covering the same story). There are other examples of padding the references section, such as the several sources which report on a Bunge deal (which actually never went through) as well as the dual sources both covering the March 2018 story: "ADM restructures business as grain margins falter" and "ADM realigns business to build on growth momentum".[b] Then there are the two sources covering the exact same story about the acquisition of a dog food firm: "ADM buys Kansas dog food firm" and "ADM is betting on a pet food boom". Needless to say, all six of these references were based on interview / press releases issued by the company.
  • So there are a lot of issues here, I hope I've delineated them as best as possible for you to use in future edit requests. The other sources I didn't mention, the New York times, the Chicago Tribune as well as the various local papers/journalists are all perfect to use (and to a lesser degree, the Wall Street journal, Bloomberg and Reuters). I look forward to seeing those sources in future edit requests.

Regards,  Spintendo  03:40, 8 July 2023 (UTC)[reply]

Notes

  1. ^ It is, perhaps, the Ayoyagi source"s perusal and use of information from Wikipedia which explains why their PDF is available online for free, and not sold in stores like other meticulously researched, comprehensive historiographies.
  2. ^ These two examples are fascinating in that they show the power of the company to reinvent its messaging. In one story published on March 19th it states "ADM restructures business as grain margins falter,"[1] which sounds like bad news. Then, just one day later, an article is published which states "ADM realigns business to build on growth momentum"[2] which sounds like good news. It's surprising to imagine such a change of fortune occurring in only 24 hours—only it didn't. There was only a change in messaging: The article with the worse sounding headline came from Reuters, whereas the article with the better sounding headline came from Feed Navigator—the industry-related source—only 24 hours after the Reuters source was published. If that isn't the best example against using industry-related sources, then I don't know what is.

References

  1. ^ Huffstutter, P.J.; Polansek, Tom (March 19, 2018). "ADM restructures business groups as grain margins falter". Reuters.
  2. ^ Einstein-Curtis, Aerin (March 20, 2018). "ADM realigns business to build on growth momentum". Feed Navigator.

History[edit]

Early history[edit]

In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.[1][2][3] George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company.[1][4] In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.[5][6] The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.[7][5]

In 1924, ADM was listed on the New York Stock Exchange.[8][9][10] A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.[11][12] In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.[13][14][15] In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.[12][16] The rapid development of similar extraction plants soon followed.[16]

By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees,[17] and by 1952 the company was operating overseas and manufacturing over 700 products.[18]

In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.[19] In 1965, ADM registered the original patent for textured vegetable protein and began producing the soy flour product at its Decatur East Plant by 1966.[20][21]

In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM[22] and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations.[23][24]

References

  1. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. John W. Daniels began crushing flaxseed to make linseed oil in Ohio in 1878, and in 1902 he moved to Minneapolis, Minnesota, to organize the Daniels Linseed Company. The company consisted of a flax crushing plant that made three products: raw linseed oil, boiled linseed oil, and linseed cake or meal. In 1903 George A. Archer joined the firm, and in a few years it became the Archer-Daniels Linseed Company.
  2. ^ Schneider, Keith (2016-11-17). "Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98". The New York Times. Retrieved 2023-04-19.
  3. ^ Black, Sam; Halter, Nick (2013-10-04). "Why ADM should move home to Minnesota". Minneapolis / St. Paul Business Journal. Retrieved 2023-04-19.
  4. ^ Cayton, Rodd (October 9, 2003). "ADM's bean processing plant isn't doing soy bad in Lincoln". Lincoln Journey Star – via Nexis. Company founded in Minneapolis in 1902 by John W. Daniels as Daniels Linseed Co. Changed name to Archer Daniels Linseed Co. in 1905; became Archer Daniels Midland in 1923.
  5. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. In 1923 the company purchased the Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
  6. ^ Valente, Michael (2009). "Archer Daniels Midland Company (ADM)" (PDF). American Chemical Society.
  7. ^ "ADM Milling closing N Kansas City mill". Wausau Daily Herald. 1923-04-23. p. 10. Retrieved 2023-04-20. Merger of the Archer of the Archer-Daniels Linseed company and Midland Linseed Products company of Minneapolis into a corporation with total assets exceeding $11,000,000 and which will control about thirty-five per cent of the linseed mill capacity of the United States, became known here today.
  8. ^ Mall, Scott (April 11, 2021). "FreightWaves Haul of Fame: ADM Trucking serves ADM and others". FreightWaves. Retrieved July 5, 2023. The company went public in 1924, and was listed on the New York Stock Exchange.
  9. ^ LUSVARDI, CHRIS (2009-12-03). "ADM execs ring closing bell at New York Stock Exchange". Herald-Review.com. Retrieved 2023-04-19.
  10. ^ Mattioli, Dana; Bunge, Jacob (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. Retrieved April 19, 2023.
  11. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. Throughout the 1920s the company made steady purchases of oil processing companies in the Midwest while engaging in other agricultural activities.
  12. ^ a b Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. In 1927, ADM's grain division was established, and in 1934, the company initiated its first continuous solvent extraction at its Chicago soybean crushing facility, using soybeans and the new chemical process to successfully extract soybean oil from the oilseeds.
  13. ^ "Business: Commander to the Gulf". Time. June 27, 1932.
  14. ^ Sosland, Josh (2010-03-10). "ADM Milling closing N Kansas City mill". Baking Business. Retrieved 2023-04-20.
  15. ^ Mitchell, Julie A. (2001). Notable Corporate Chronologies. Vol. 1. Gale Group. p. 162. 1930: ADM acquires the Commander - Larabee Co., a huge flour miller capable of producing 32,000 barrels per day.
  16. ^ a b MacGree, Ernest A. (August 1947). "Vegetable Oil extraction solvents; History and general composition". Oil Mill Gazetter. International Association of Oil Mill Superintendents. Retrieved July 5, 2023 – via Texas A&M University. The ADM plant in March 1934 represented a 'turning point and marketed the beginning of the large scale edible oil extraction industry as it is known today.' Installations of other large-capacity continuous plants followed in rapid succession.
  17. ^ Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. By 1952, ADM's workforce had grown to 5,000 employees.
  18. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. When President Thomas L. Daniels (son of the founder) and Chairperson Samuel Mairs celebrated Archer Daniels Midland's 50th anniversary in 1952, the company was manufacturing over 700 standard products and had extended its operations overseas.
  19. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. 1962 April – Archer Daniels Midland Co. introduces a new trademark and decides to consistently call itself "ADM" (Soybean Digest, p. 27).
  20. ^ Reid, Tony (2022-09-30). "Decatur a central part of ADM's past, future". Herald & Review. Retrieved 2023-04-21.
  21. ^ "Archer-Daniels-Midland: "ADM Has the Formulation Knowledge That Brings New and Exciting Products to Life" - vegconomist - the vegan business magazine". Vegconomist. 2021-12-02. Retrieved 2023-04-21.
  22. ^ Meersman, Tom (2016-11-29). "Obituary: Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved 2023-04-21.
  23. ^ Gasparro, Annie (September 26, 2013). "ADM Leaves Decatur With Little Town Blues". The Wall Street Journal. Retrieved February 17, 2021. It moved its headquarters here from Minneapolis in 1969.
  24. ^ Perlman, Seth (March 1, 2017). "Archer Daniels Midland - 4,159 employees". Herald & Review. Retrieved February 17, 2021. ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.

|}

I have also compiled a detailed accounting of how this draft differs from existing content. In some cases I have provided multiple citations for particular claims in order to demonstrate that the news itself is notable enough to generate widespread coverage in different publications.

Early history subsection updates
Current version Proposed change Comments
In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.[1] George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company.[2] In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company. In 1924 ADM was listed on the New York Stock Exchange.[3] In 1902, John W. Daniels started a linseed crushing business in Minneapolis, Minnesota.[1][4][5] George A. Archer joined the operation the next year, and in 1905 the firm's name officially became the Archer-Daniels Linseed Company.[1][6] In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.[7][8] The new corporation had total assets exceeding $11 million and controlled just over a third (35%) of the total linseed mill capacity within the United States.[9][7] Revised paragraph improves sourcing throughout and adds a new sentence providing quantitative details about the size of the company in 1923. The sentence about ADM being listed on the NYSE is pushed to the next paragraph.
ADM purchased control of the flour milling company Commander-Larabee Corp. in 1930.[10] In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.[11] In 1924, ADM was listed on the New York Stock Exchange.[12][13][14] A series of acquisitions over the next several years expanded the company's oil processing capabilities and agricultural operations, and a grain division was established in 1927.[15][16] In 1930, ADM purchased control of the flour milling company Commander-Larabee Corp., which was capable of producing 32,000 barrels of flour per day.[17][18][19] In 1934 the company began operating its first continuous solvent extraction plant in Chicago, Illinois and could now produce soybean oil.[16][20] The rapid development of similar extraction plants soon followed.[20] Revised paragraph updates sourcing throughout, and adds additional claims about the company's expansion and growth. The details about the extraction plan in Chicago are especially important given ADM's focus on soy.
N/A By 1952, Archer Daniel Midland's workforce had expanded to 5,000 employees,[21] and by 1952 the company was operating overseas and manufacturing over 700 products.[22] This is a new claim that describes the size and international scope of ADM in 1952. Figures like this demonstrate how the company was growing.
N/A In 1962, the company acquired a trademark for "ADM" and began referring to itself by those initials.[11] In 1966, ADM began producing textured vegetable protein at its Decatur East Plant.[23] The trademark claim appears in the current article in the second paragraph. The details about textured vegetable protein are new, and again serve to highlight how ADM began to specialize in soy.
In 1969, ADM relocated its headquarters to Decatur, Illinois,[24][25] where it remained for 45 years until moving to Chicago in 2014.[26] Dwayne Andreas was named CEO of ADM in 1970, and two years later was elected chairman of the company's board.[4] In 1966, Dwayne Andreas and his brother Lowell Andreas became minority shareholders in ADM[27] and helped relocate their headquarters from Minneapolis to Decatur, Illinois, a location closer to the company's soybean processing operations.[28][29] Right now the claims about Dwayne Andreas becoming CEO are duplicated across two paragraphs. This paragraph could replace the existing one and add context about how he first became involved with ADM. Then the next paragraph can start a new subsection focused on his time leading the company.

I would like to ensure that requests like this are generating feedback from multiple editors, and that additions, deletions, approvals, denials, etc. all reflect community consensus and commonly understood Wikipedia editorial guidelines. Would it be useful to reach out to a relevant WikiProject to ensure that we're hearing from a range of voices? ADMDane (talk) 21:06, 21 July 2023 (UTC)[reply]

After a discussion with CNMall41 at WikiProject Companies, I have added the "request edit" template to the top of this request. I hope that Kpgjhpjm, Graywalls, Z1720, CorporateM, Justanothersgwikieditor, Ferkijel,Tobby72, FDRMRZUSA, and any other editors who have recently been active editing the article and engaging on this Talk page will review this request.
I am also happy to work with Spintendo on this but I'd like to ask that they (a) please not edit my Talk page posts, and (b) restore the "Response to edit request review 2-JUL-2023" section. It seems like your intention was to fix an issue with the formatting, but unfortunately it is now unreadable, which isn't helpful to me or any editors who might want to look over the discussion to date. Looking into the Wikipedia Talk page guidelines, I see that "The basic rule [...] is to not edit or delete others' posts without their permission." As I didn't give you permission to edit that post, I'd like to see that restored. I'm still learning when it comes to formatting and that part of my post might not have been the prettiest but it did provide requested clarifications and citations, and I think it's important that other editors be able to see the full conversation. Thanks in advance.
As a general note for editors reviewing, re: sourcing: whenever possible I'm trying to cite Reuters, the Wall Street Journal, Bloomberg, and similar national news organizations, but occasionally specific facts/figures are only available in industry press—as one would expect, as the readership for these publications is industry observers who are looking for slightly more depth to news items. If you look through the existing article there are numerous examples of sources like this (Food Dive, Food Processing, BioDiesel, etc.) being cited to confirm acquisition details and dates, and that's exactly how I have used reputable industry sources. For example, World Grain, which is a prominent industry journal that is widely cited across Wikipedia for agricultural topics, see for instance the articles on Durum, Atta flour, Pasta, High-fructose corn syrup, Economy of Nigeria, Wheatbelt railway lines of Western Australia, Agriculture in Kazakhstan, and Agriculture in Pakistan. Again, I am only sparingly using industry sources to confirm specific acquisition and timeline details, not to try and include anything promotional or excessive, and I hope editors will bear that in mind. ADMDane (talk) 20:00, 3 August 2023 (UTC)[reply]
@ADMDane:, I'm not really sure why Spintendo did what they did in "Response to edit request review 2-JUL-2023" table, but there was a "nowiki" code added into it, which might have been unintentional. I corrected the code so it is functional as it appear to have happened unintentionally. Where are you saying they edited your posts? Can you provide the diff # of your concerns? As for your contents concerns, some of the sources are simply passing along information from ADM's press release making them "dependent coverage". While everything in article needs to be verifiable, not everything verifiable is entitled to be included simply because the article subject wishes them to be included. WP:NOTEVERYTHING and WP:DUE gives you some insight. Announcements of every breath taken by the company parroted by industry newsletters based on press releases need not be included into the encyclopedia. Graywalls (talk) 20:53, 3 August 2023 (UTC)[reply]
Thanks for this feedback, Graywalls. The "editing my Talk page post" incident I'm referring to is specifically the insertion of that "nowiki" code into the "Response to edit request review 2-JUL-2023" table. Spintendo had asked for clarification on a number of items, which I provided, but then all of that information was effectively hidden by the nowiki code so that other editors could not read it.
I completely understand your point about press releases and following your earlier feedback I significantly trimmed down the number of acquisitions covered in the draft. What I'm trying to avoid is having the History section just be a bulleted timeline, with every sentence structured as some variation of "On Date X, this happened," and no attempt to explain to the reader why these particular dates and developments are significant.
I would greatly appreciate you taking a look at the Early history draft I prepared above, along with my explanation of changes, and letting me know what you think. I can see that you've edited the article in the past and clearly have a familiarity with the topic, so your feedback would be especially valuable. ADMDane (talk) 16:21, 4 August 2023 (UTC)[reply]
@ADMDane Just to clarify, I added the nowiki because you had taken code from my reply message (code that I specifically use for reviewing text) and applied it to your proposal, where you stated "Please forgive me if I messed up the formatting ... I struggled to get the note tags to work correctly". I applied the no wiki in order to be able to read it (being familiar with it, I can read it just as easily in its unformatted version—and in this case, much more quickly[a]). Nowiki tags are placed outside of the text and do not alter the substance of that text, they only remove the coloring and the positioning of it, and can easily be removed.  Spintendo  08:55, 6 August 2023 (UTC)[reply]

Notes

  1. ^ The limitations of my phone mean that when I'm in desktop editing mode the screen is split, making it more difficult to read in that mode, which is why I saved the nowiki change instead of just reading it from the edit screen.
@ADMDane: I added your early history, but moved some things around chronologically. There was also some duplicate content. STEMinfo (talk) 19:33, 9 August 2023 (UTC)[reply]
Hi, STEMinfo. Thank you for reviewing and implementing the Early history draft. And thank you as well to all of the editors who provided feedback on earlier versions. I am honestly learning a lot about Wikipedia here and will be sure to incorporate your suggestions about sourcing and structure with future requests. ADMDane (talk) 21:41, 14 August 2023 (UTC)[reply]
@ADMDane, in light of the vandalism on ARTCO can you proof-read the ADM page just to check there's no such issue? That vandalism remained for several months. Graywalls (talk) 21:50, 14 August 2023 (UTC)[reply]

ADM request: 2006–present subsection request[edit]

Hi there Wikipedia editors, I'm back with another ADM request for the History section. I've put together an updated version of the 2006–present subsection that adds a few more details and slightly changes the header:

2001–present draft

2001–present[edit]

In December 2001, ADM completed the first U.S. commercial sale to Cuba since the embargo was imposed in October 1960.[30] The next year ADM sponsored a major agribusiness show in Havana, where the company signed a a $10 million contract with Cuba’s food import agency, Alimport, to deliver rice, cooking oil, and soy.[30][31]

In March 2006, G. Allen Andreas announced he was stepping down as CEO.[32] Later, in May 2006, Patricia A. Woertz became the company's chief executive officer.[33][34][35] In February 2007, Woertz was elected chairman of the board at ADM.[36][37]

In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[38] On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation.[38]

The company moved its headquarters to Chicago in 2014.[39]

That same year, ADM completed its acquisition of Toepfer International, Germany's largest grain trader, and renamed the company ADM Germany GmbH.[40][41] The company also announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors.[42][43][44]

ADM announced the appointment of current CEO Juan R. Luciano on November 5, 2014.[45] Luciano initially joined the company in 2011 as chief operating officer.[35] Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.[46][47][48]

In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion.[49] Approximately 1,500 employees transferred to Olam with the sale.[50] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.[51]

In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins.[52][53][54]

The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time.[55] At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[56] In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.[57]

In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services.[58][59] The next year, the company announced it was consolidating the ag services and oilseed units.[60]

In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery.[61] Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein,[62] and completed its acquisition of Deerland Probiotics & Enzymes.[63][64]

In 2022, ADM saw rising profits due to the war in Ukraine and the global food crisis.[65][66][67]

References

  1. ^ a b c Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. ISBN 9781558623910. Cite error: The named reference "JayPedersonQuote1902" was defined multiple times with different content (see the help page).
  2. ^ Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 5.
  3. ^ Hall, Gina (March 9, 2018). "ADM's takeover talks with Bunge break down". Chicago Business Journal.
  4. ^ a b Schneider, Keith (2016-11-17). "Dwayne O. Andreas, Who Turned Archer Daniels Midland Into Food Giant, Dies at 98". The New York Times. Retrieved 2023-04-19.
  5. ^ Black, Sam; Halter, Nick (2013-10-04). "Why ADM should move home to Minnesota". Minneapolis / St. Paul Business Journal. Retrieved 2023-04-19.
  6. ^ Cayton, Rodd (October 9, 2003). "ADM's bean processing plant isn't doing soy bad in Lincoln". Lincoln Journey Star – via Nexis. Company founded in Minneapolis in 1902 by John W. Daniels as Daniels Linseed Co. Changed name to Archer Daniels Linseed Co. in 1905; became Archer Daniels Midland in 1923.
  7. ^ a b Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. In 1923 the company purchased the Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
  8. ^ Valente, Michael (2009). "Archer Daniels Midland Company (ADM)" (PDF). American Chemical Society.
  9. ^ "ADM Milling closing N Kansas City mill". Wausau Daily Herald. 1923-04-23. p. 10. Retrieved 2023-04-20. Merger of the Archer of the Archer-Daniels Linseed company and Midland Linseed Products company of Minneapolis into a corporation with total assets exceeding $11,000,000 and which will control about thirty-five per cent of the linseed mill capacity of the United States, became known here today.
  10. ^ "Business: Commander to the Gulf". Time. June 27, 1932.
  11. ^ a b Aoyagi, Akiko; Shurtleff, William (2020-08-07). History of ADM (Archer Daniels Midland Co.) and the Andreas Family's Work with Soybeans and Soyfoods (1884-2020) (PDF). Soyinfo Center. p. 6. Cite error: The named reference "AoyagiPage6Quote2" was defined multiple times with different content (see the help page).
  12. ^ Mall, Scott (April 11, 2021). "FreightWaves Haul of Fame: ADM Trucking serves ADM and others". FreightWaves. Retrieved July 5, 2023. The company went public in 1924, and was listed on the New York Stock Exchange.
  13. ^ LUSVARDI, CHRIS (2009-12-03). "ADM execs ring closing bell at New York Stock Exchange". Herald-Review.com. Retrieved 2023-04-19.
  14. ^ Mattioli, Dana; Bunge, Jacob (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. Retrieved April 19, 2023.
  15. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. Throughout the 1920s the company made steady purchases of oil processing companies in the Midwest while engaging in other agricultural activities.
  16. ^ a b Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. In 1927, ADM's grain division was established, and in 1934, the company initiated its first continuous solvent extraction at its Chicago soybean crushing facility, using soybeans and the new chemical process to successfully extract soybean oil from the oilseeds.
  17. ^ "Business: Commander to the Gulf". Time. June 27, 1932.
  18. ^ Sosland, Josh (2010-03-10). "ADM Milling closing N Kansas City mill". Baking Business. Retrieved 2023-04-20.
  19. ^ Mitchell, Julie A. (2001). Notable Corporate Chronologies. Vol. 1. Gale Group. p. 162. 1930: ADM acquires the Commander - Larabee Co., a huge flour miller capable of producing 32,000 barrels per day.
  20. ^ a b MacGree, Ernest A. (August 1947). "Vegetable Oil extraction solvents; History and general composition". Oil Mill Gazetter. International Association of Oil Mill Superintendents. Retrieved July 5, 2023 – via Texas A&M University. The ADM plant in March 1934 represented a 'turning point and marketed the beginning of the large scale edible oil extraction industry as it is known today.' Installations of other large-capacity continuous plants followed in rapid succession.
  21. ^ Kotrba, Ron; Bryan, Tom (April 1, 2006). "Holding Its Lead". Ethanol Producers Magazine. Retrieved April 19, 2023. By 1952, ADM's workforce had grown to 5,000 employees.
  22. ^ Pederson, Jay P. (2000). International Directory of Corporate Histories. Vol. 32. St. James Press. p. 57. When President Thomas L. Daniels (son of the founder) and Chairperson Samuel Mairs celebrated Archer Daniels Midland's 50th anniversary in 1952, the company was manufacturing over 700 standard products and had extended its operations overseas.
  23. ^ Reid, Tony (2022-09-30). "Decatur a central part of ADM's past, future". Herald & Review. Retrieved 2023-04-21.
  24. ^ Gasparro, Annie (September 26, 2013). "ADM Leaves Decatur With Little Town Blues". The Wall Street Journal. Retrieved February 17, 2021. It moved its headquarters here from Minneapolis in 1969.
  25. ^ Perlman, Seth (March 1, 2017). "Archer Daniels Midland - 4,159 employees". Herald & Review. Retrieved February 17, 2021. ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.
  26. ^ LUSVARDI, CHRIS (August 26, 2014). "ADM settles in at new Chicago headquarters". Herald-Review.com. Retrieved 2021-02-24.
  27. ^ Meersman, Tom (2016-11-29). "Obituary: Former ADM executive Dwayne Andreas had deep ties to Minnesota and Hubert Humphrey". Star Tribune. Retrieved 2023-04-21.
  28. ^ Gasparro, Annie (September 26, 2013). "ADM Leaves Decatur With Little Town Blues". The Wall Street Journal. Retrieved February 17, 2021. It moved its headquarters here from Minneapolis in 1969.
  29. ^ Perlman, Seth (March 1, 2017). "Archer Daniels Midland - 4,159 employees". Herald & Review. Retrieved February 17, 2021. ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.
  30. ^ a b "U.S. Companies Make Millions At Cuba Business Fair". PBS News hour. October 1, 2002. Retrieved September 21, 2023.
  31. ^ Snow, Anita (September 26, 2002). "Cuba Signs $1M Deal for U.S. Food". Associated Press. Retrieved September 21, 2023 – via Edwardsville Intelligencer.
  32. ^ Lambert, Emily (2006-03-24). "End of the Line". Forbes. Retrieved 2023-04-21.
  33. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date May 1, 2006" (PDF). secdatabase.com. Retrieved January 13, 2013.
  34. ^ Henshaw, Caroline; Berry, Ian (December 20, 2012). "ADM, Graincorp CEOs Square Off". The Wall Street Journal. p. B2.
  35. ^ a b Cancino, Alejandra (2014-11-06). "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. Retrieved 2023-04-20.
  36. ^ "Archer Daniels Midland, Form 8-K, Current Report, Filing Date Feb 6, 2007". secdatabase.com. Retrieved January 13, 2013.
  37. ^ Nunes, Keith (2014-11-06). "Archer Daniels Midland Co names new ceo". Food Business News. Retrieved 2023-04-20.
  38. ^ a b Feast, Lincoln; Packham, Colin (2013-11-28). "Australia surprises with rejection of $2.55 billion GrainCorp takeover by ADM". Reuters. Retrieved 2023-05-01.
  39. ^ LUSVARDI, CHRIS (August 26, 2014). "ADM settles in at new Chicago headquarters". Herald-Review.com. Retrieved 2021-02-24.
  40. ^ Nicholson, Marcy; Polansek, Tom (April 15, 2014). "ADM to keep its cocoa presses but to sell chocolate business". The Associated Press. Retrieved September 21, 2023.
  41. ^ "Toepfer renamed". The Western Producer. July 10, 2014. Retrieved September 21, 2023.
  42. ^ "ADM buys ingredients company Wild Flavors for about $3 billion". Chicago Tribune. 7 July 2014.
  43. ^ Berry, Freya; Schuetze, Arno (2014-07-07). "U.S. agribusiness ADM to acquire Wild Flavors for $3 billion". Reuters. Retrieved 2023-09-21. U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavoring and the health-conscious food sectors.
  44. ^ Almeida, Isis (2020-10-21). "Commodities King ADM Pivots to Pet Food, Veggie Burgers, and Probiotics". Bloomberg. Retrieved 2023-09-21. Fighting stagnation in its old-line businesses, the company is searching for growth in the future of nutrition.
  45. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  46. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  47. ^ "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021. Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
  48. ^ Kuehner-Herbert, Katie (2019). "'Monster Acquisitions' Aside, ADM Is On A Bite-Sized Buying Spree Under CEO Juan Luciano". Chief Executive. Retrieved April 29, 2023.
  49. ^ Hunt, Sarah McFarlane, Nigel (2015-10-16). "Olam completes acquisition of ADM's cocoa business". Reuters. Retrieved 2020-10-02.{{cite news}}: CS1 maint: multiple names: authors list (link)
  50. ^ "ADM Completes Sale of Global Cocoa Business". Adm.com. Archived from the original on November 20, 2015. Retrieved November 19, 2015.
  51. ^ "Deals of the day-Mergers and acquisitions". Reuters. 2017-01-31. Retrieved 2023-05-10.
  52. ^ Pothering, Jessica (February 25, 2021). "Agtech CVC: ADM Ventures on the many ways corporations can invest in innovators" (PDF). AgFunderNews. Retrieved May 15, 2023. She held various strategic roles at natural ingredients company WILD Flavors before it was acquired by Archer-Daniels-Midland (ADM) in 2014. Two years later, de la Huerga was made vice president of the U.S. agrifood giant's venture investing group, ADM Ventures.
  53. ^ "Annual Report 2017". ADM. 2018. Retrieved May 15, 2023. ADM Ventures, which was launched by the Company in October 2016, has made its first selections of high-potential, new-product development projects from its business units.
  54. ^ Nunes, Keith (January 10, 2023). "ADM Ventures investing in the future of food". Food Business News. Retrieved May 15, 2023. 'One of the first focus areas for ADM Ventures was alternative proteins,' said Darren Streiler, vice president of venture capital. 'ADM has an over 75-year history in plant-based proteins, but ADM Ventures was charged with looking beyond ADM's business in plant proteins.'
  55. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved May 1, 2023.
  56. ^ Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved January 21, 2018.
  57. ^ Huffstutter, P.J.; Stauffer, Caroline (2019-01-16). "Exclusive: ADM CEO says wrong time for 'monster' acquisitions". Reuters. Retrieved 2023-05-01.
  58. ^ Huffstutter, P.J.; Polansek, Tom (March 19, 2018). "ADM restructures business groups as grain margins falter". Reuters. Retrieved April 29, 2023.
  59. ^ Einstein-Curtis, Aerin (March 20, 2018). "ADM realigns business to build on growth momentum". Feed Navigator. Retrieved April 29, 2023.
  60. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  61. ^ Miller, Ben (2021-09-08). "ADM buys majority stake in four pet food companies for $450 million". Chicago Business Journal. Retrieved 2023-04-21.
  62. ^ Donley, Arvin (2021-11-29). "ADM completes Sojaprotein acquisition | World Grain". World-Grain. Retrieved 2023-04-21.
  63. ^ Schroeder, Eric (November 4, 2021). "ADM finalizes acquisition of Deerland Probiotics & Enzymes". World Grain. Retrieved May 15, 2023.
  64. ^ Casey, Chris (November 23, 2021). "ADM to buy Deerland Probiotics & Enzymes". Food Dive. Industry Dive. Retrieved May 15, 2023.
  65. ^ "Grain Traders' Profits Rise as Ukraine War Tightens Global Food Supply". The Wall Street Journal. 27 April 2022.
  66. ^ "Experts say Ukraine war shows we need a new way to feed the world". Politico. 20 May 2022.
  67. ^ "DM's profit jumps 74% on higher grain prices and demand". Food Dive. 28 July 2022.

As before, I created a table that details how this draft differs from the current subsection:

2001–present subsection
Current version Proposed change Comments
N/A In December 2001, ADM completed the first U.S. commercial sale to Cuba since the embargo was imposed in October 1960.[1] The next year ADM sponsored a major agribusiness show in Havana, where the company signed a $10 million contract with Cuba’s food import agency, Alimport, to deliver rice, cooking oil, and soy.[1][2] Right now there's a sentence in the Dwayne Andreas subsection about Cuba ("ADM was the first U.S. company to sign a contract with Cuba since the embargo against Cuba was imposed in October 1960"), the current citation does not mention ADM and the deal didn't actually happen until 2001 so I've covered it here, with a new source. It would thus make sense to delete the current sentence once this addition is made.
In May 2006, Patricia A. Woertz became the company's chief executive officer.[3][4] In February 2007, Woertz was elected chairman of the board at ADM.[5] In March 2006, G. Allen Andreas announced he was stepping down as CEO.[6] Later, in May 2006, Patricia A. Woertz became the company's chief executive officer.[3][4][7] In February 2007, Woertz was elected chairman of the board at ADM.[5][8] Slightly expanded this paragraph with details about G. Allen Andreas stepping down as CEO.
In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[4] On November 29, 2013, this acquisition was blocked by the Australian Treasurer. In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[9] On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation.[9] Slightly expanded the second sentence and added a citation.
The company moved its headquarters to Chicago in 2014.[10] The company moved its headquarters to Chicago in 2014.[11] No changes
On July 7, 2014, the company announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at diversifying the company and helping brands appeal to consumers who increasingly favor foods with natural ingredients and flavorings.[12] That same year, ADM completed its acquisition of Toepfer International, Germany's largest grain trader, and renamed the company ADM Germany GmbH.[13][14] The company also announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors.[15][16][17] Added new details about ADM completing its acquisition of Toepfer International and slightly revised the next sentence.
The appointment of current CEO Juan R. Luciano was announced on November 5, 2014.[18] Luciano joined the company in 2011 as executive vice president and chief operating officer and became president in February 2014. He succeeded Patricia Woertz as CEO in January 2015, and as chairman of the board in January 2016.[19] ADM announced the appointment of current CEO Juan R. Luciano on November 5, 2014.[20] Luciano initially joined the company in 2011 as chief operating officer.[7] Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.[21][22][23] Added new details here about restructuring of business segments & aggressive acquisition strategy.
In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion.[24] Approximately 1,500 employees transferred to Olam with the sale.[25] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.[26] In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion.[27] Approximately 1,500 employees transferred to Olam with the sale.[28] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.[29] No changes.
NA In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins.[30][31][32] Added new details about ADM Ventures.
On January 19, 2018, it was reported that Archer Daniels Midland Co. (ADM) had approached Bunge Ltd. about a takeover, with details "unclear". At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[33] In 2018 ADM agreed to purchase the British probiotic supplement company Probiotics International Limited for $243 million.[34] In 2019, ADM agreed to purchase the remaining 50 percent stake in British grain and oilseed producer Gleadell from the French company InVivo,[35] and completed the acquisition of animal nutrition company Neovia for €1.54 billion (US$1.73 billion).[36][37] In 2022, ADM saw rising profits due to the war in Ukraine and the global food crisis.[38][39][40] The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time.[41] At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[33] In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.[42]

In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services.[43][44] The next year, the company announced it was consolidating the ag services and oilseed units.[45]

In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery.[46] Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein,[47] and completed its acquisition of Deerland Probiotics & Enzymes.[48][49]

In 2022, ADM saw rising profits due to the war in Ukraine and the global food crisis.[50][51][52]

Quite a few changes here:
  • Added further details about the reported Bungee deal, including a quote from Juan Luciano.
  • Added details about the 2018 restructuring.
  • Added details about the 2021 pet food and agribusiness acquisitions.
  • Removed details about other acquisitions in the interest of space. (If editors want to keep, that's fine.)

I do appreciate that this is a large request and will thus take time for volunteer editors to review. Please do let me know if you have any questions. I truly appreciate the feedback I've received so far and I hope that my requested updates are improving. ADMDane (talk) 16:25, 26 September 2023 (UTC) ADMDane (talk) 16:25, 26 September 2023 (UTC)[reply]

Several sections of the proposed text contain instances where multiple references are used to verify a single sentence. Please eliminate instances where one reference would suffice, and feel free to post that request below this reply post at your earliest convenience. Regards,  Spintendo  22:05, 1 October 2023 (UTC)[reply]

Thank you for the feedback. My apologies for the delayed response here, but I've whipped up a new draft that addresses your concern re: multiple citations for each sentence. Below, you'll see I've removed references from The Intelligencer, the SEC database, The Wall Street Journal, Food Business News, The Western Producer, Unconventional Ag, AG Funder News, the ADM annual report, FeedNavigator, Food Dive, and Politico (EU) and have kept only the highest quality individual reference for each.

Please read below:

2001–present draft

In December 2001, ADM completed the first U.S. commercial sale to Cuba since the embargo was imposed in October 1960.[1] The next year ADM sponsored a major agribusiness show in Havana, where the company signed a $10 million contract with Cuba’s food import agency, Alimport, to deliver rice, cooking oil, and soy.[1]

In March 2006, G. Allen Andreas announced he was stepping down as CEO.[6] Later, in May 2006, Patricia A. Woertz became the company's chief executive officer.[7] In February 2007, Woertz was elected chairman of the board at ADM.[5] In 2012, the company sought to acquire strategic holdings to support serving Asian markets through the acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia.[9] On November 28, 2013, the acquisition was blocked by the Australian Treasurer Joe Hockey after Australia's Foreign Investment Review Board failed to reach a consensus recommendation.[9]

The company moved its headquarters to Chicago in 2014.[53]

That same year, ADM completed its acquisition of Toepfer International, Germany's largest grain trader, and renamed the company ADM Germany GmbH.[13] The company also announced that it would buy Swiss-German natural ingredient company Wild Flavors for $3 billion, a move aimed at expanding ADM into health-oriented food sectors.[17]

ADM announced the appointment of current CEO Juan R. Luciano on November 5, 2014.[54] Luciano initially joined the company in 2011 as chief operating officer.[7] Under Luciano's leadership, the company restructured its business segments and pursued an aggressive strategy of acquisitions that expanded its human and animal nutrition business.[22] In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion.[55] Approximately 1,500 employees transferred to Olam with the sale.[56] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.[57]

In October 2016, ADM launched its venture capital arm, ADM Ventures, which focused initially on alternative proteins.[32]

The Wall Street Journal reported in January 2018 that ADM had approached Bunge Ltd. about a takeover, with details "unclear" at the time.[41] At that point, Bunge had a market value of about $9.8 billion, and was also being pursued by Glencore PLC for acquisition, since May 2017.[33] In January 2019, Juan Luciano clarified the company didn't need a "monster transformational transaction" and a deal was never made.[42]

In March 2018, ADM restructured its business segments into four units: carbohydrate solutions, nutrition, oilseeds, and origination or ag services.[43] The next year, the company announced it was consolidating the ag services and oilseed units.[45]

In September 2021, ADM acquired a 75% stake in four pet food companies for a total of $450 million, including PetDine, Pedigree Ovens, NutraDine, and The Pound Bakery.[46] Later that year in November, ADM acquired Serbian soy agribusiness Sojaprotein,[47] and completed its acquisition of Deerland Probiotics & Enzymes.[48]

In 2022, ADM saw rising profits due to the war in Ukraine and the global food crisis.[58]


References

  1. ^ a b c d "U.S. Companies Make Millions At Cuba Business Fair". PBS News hour. October 1, 2002. Retrieved September 21, 2023.
  2. ^ Snow, Anita (September 26, 2002). "Cuba Signs $1M Deal for U.S. Food". Associated Press. Retrieved September 21, 2023 – via Edwardsville Intelligencer.
  3. ^ a b "Archer Daniels Midland, Form 8-K, Current Report, Filing Date May 1, 2006" (PDF). secdatabase.com. Retrieved January 13, 2013.
  4. ^ a b c Henshaw, Caroline; Berry, Ian (December 20, 2012). "ADM, Graincorp CEOs Square Off". The Wall Street Journal. p. B2. Cite error: The named reference "henshaw2012" was defined multiple times with different content (see the help page).
  5. ^ a b c "Archer Daniels Midland, Form 8-K, Current Report, Filing Date Feb 6, 2007". secdatabase.com. Retrieved January 13, 2013.
  6. ^ a b Lambert, Emily (2006-03-24). "End of the Line". Forbes. Retrieved 2023-04-21.
  7. ^ a b c d Cancino, Alejandra (2014-11-06). "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. Retrieved 2023-04-20.
  8. ^ Nunes, Keith (2014-11-06). "Archer Daniels Midland Co names new ceo". Food Business News. Retrieved 2023-04-20.
  9. ^ a b c d Feast, Lincoln; Packham, Colin (2013-11-28). "Australia surprises with rejection of $2.55 billion GrainCorp takeover by ADM". Reuters. Retrieved 2023-05-01.
  10. ^ LUSVARDI, CHRIS (August 26, 2014). "ADM settles in at new Chicago headquarters". Herald-Review.com. Retrieved 2021-02-24.
  11. ^ LUSVARDI, CHRIS (August 26, 2014). "ADM settles in at new Chicago headquarters". Herald-Review.com. Retrieved 2021-02-24.
  12. ^ "ADM buys ingredients company Wild Flavors for about $3 billion". Chicago Tribune. 7 July 2014.
  13. ^ a b Nicholson, Marcy; Polansek, Tom (April 15, 2014). "ADM to keep its cocoa presses but to sell chocolate business". The Associated Press. Retrieved September 21, 2023.
  14. ^ "Toepfer renamed". The Western Producer. July 10, 2014. Retrieved September 21, 2023.
  15. ^ "ADM buys ingredients company Wild Flavors for about $3 billion". Chicago Tribune. 7 July 2014.
  16. ^ Berry, Freya; Schuetze, Arno (2014-07-07). "U.S. agribusiness ADM to acquire Wild Flavors for $3 billion". Reuters. Retrieved 2023-09-21. U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavoring and the health-conscious food sectors.
  17. ^ a b Almeida, Isis (2020-10-21). "Commodities King ADM Pivots to Pet Food, Veggie Burgers, and Probiotics". Bloomberg. Retrieved 2023-09-21. Fighting stagnation in its old-line businesses, the company is searching for growth in the future of nutrition.
  18. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  19. ^ "Juan R. Luciano". Archer Daniel Midlands. Retrieved 22 December 2020.
  20. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  21. ^ Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  22. ^ a b "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021. Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
  23. ^ Kuehner-Herbert, Katie (2019). "'Monster Acquisitions' Aside, ADM Is On A Bite-Sized Buying Spree Under CEO Juan Luciano". Chief Executive. Retrieved April 29, 2023.
  24. ^ Hunt, Sarah McFarlane, Nigel (2015-10-16). "Olam completes acquisition of ADM's cocoa business". Reuters. Retrieved 2020-10-02.{{cite news}}: CS1 maint: multiple names: authors list (link)
  25. ^ "ADM Completes Sale of Global Cocoa Business". Adm.com. Archived from the original on November 20, 2015. Retrieved November 19, 2015.
  26. ^ "Deals of the day-Mergers and acquisitions". Reuters. 2017-01-31. Retrieved 2023-05-10.
  27. ^ Hunt, Sarah McFarlane, Nigel (2015-10-16). "Olam completes acquisition of ADM's cocoa business". Reuters. Retrieved 2020-10-02.{{cite news}}: CS1 maint: multiple names: authors list (link)
  28. ^ "ADM Completes Sale of Global Cocoa Business". Adm.com. Archived from the original on November 20, 2015. Retrieved November 19, 2015.
  29. ^ "Deals of the day-Mergers and acquisitions". Reuters. 2017-01-31. Retrieved 2023-05-10.
  30. ^ Pothering, Jessica (February 25, 2021). "Agtech CVC: ADM Ventures on the many ways corporations can invest in innovators" (PDF). AgFunderNews. Retrieved May 15, 2023. She held various strategic roles at natural ingredients company WILD Flavors before it was acquired by Archer-Daniels-Midland (ADM) in 2014. Two years later, de la Huerga was made vice president of the U.S. agrifood giant's venture investing group, ADM Ventures.
  31. ^ "Annual Report 2017". ADM. 2018. Retrieved May 15, 2023. ADM Ventures, which was launched by the Company in October 2016, has made its first selections of high-potential, new-product development projects from its business units.
  32. ^ a b Nunes, Keith (January 10, 2023). "ADM Ventures investing in the future of food". Food Business News. Retrieved May 15, 2023. 'One of the first focus areas for ADM Ventures was alternative proteins,' said Darren Streiler, vice president of venture capital. 'ADM has an over 75-year history in plant-based proteins, but ADM Ventures was charged with looking beyond ADM's business in plant proteins.'
  33. ^ a b c Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved January 21, 2018. Cite error: The named reference "wsj-bunge" was defined multiple times with different content (see the help page).
  34. ^ "ADM expands portfolio with $243 million acquisition of UK probiotics company". Herald & Review. June 29, 2018. Retrieved March 9, 2021.
  35. ^ "ADM to buy rest of UK grain merchant Gleadell from InVivo". Reuters. January 17, 2019. Retrieved March 9, 2021.
  36. ^ de La Hamaide, Sybille (June 18, 2019). "ADM to cut jobs at animal feed unit Neovia in France". Reuters. Retrieved March 9, 2021.
  37. ^ "ADM says to focus on organic growth after acquisitions". Reuters. November 13, 2019. Retrieved March 9, 2021.
  38. ^ "Grain Traders' Profits Rise as Ukraine War Tightens Global Food Supply". The Wall Street Journal. 27 April 2022.
  39. ^ "Experts say Ukraine war shows we need a new way to feed the world". Politico. 20 May 2022.
  40. ^ "DM's profit jumps 74% on higher grain prices and demand". Food Dive. 28 July 2022.
  41. ^ a b Bunge, Jacob; Mattioli, Dana (January 19, 2018). "ADM Has Made Takeover Approach to Bunge Ltd". The Wall Street Journal. The New York Times, New York City, United States. Retrieved May 1, 2023.
  42. ^ a b Huffstutter, P.J.; Stauffer, Caroline (2019-01-16). "Exclusive: ADM CEO says wrong time for 'monster' acquisitions". Reuters. Retrieved 2023-05-01.
  43. ^ a b Huffstutter, P.J.; Polansek, Tom (March 19, 2018). "ADM restructures business groups as grain margins falter". Reuters. Retrieved April 29, 2023.
  44. ^ Einstein-Curtis, Aerin (March 20, 2018). "ADM realigns business to build on growth momentum". Feed Navigator. Retrieved April 29, 2023.
  45. ^ a b Kiernan-Stone, Lynda (June 11, 2019). "ADM Reorganizes for Second Time in 14 Months, Creates New Business Unit". Unconventional Ag News. HighQuest Partners. Retrieved April 29, 2023.
  46. ^ a b Miller, Ben (2021-09-08). "ADM buys majority stake in four pet food companies for $450 million". Chicago Business Journal. Retrieved 2023-04-21.
  47. ^ a b Donley, Arvin (2021-11-29). "ADM completes Sojaprotein acquisition | World Grain". World-Grain. Retrieved 2023-04-21.
  48. ^ a b Schroeder, Eric (November 4, 2021). "ADM finalizes acquisition of Deerland Probiotics & Enzymes". World Grain. Retrieved May 15, 2023.
  49. ^ Casey, Chris (November 23, 2021). "ADM to buy Deerland Probiotics & Enzymes". Food Dive. Industry Dive. Retrieved May 15, 2023.
  50. ^ "Grain Traders' Profits Rise as Ukraine War Tightens Global Food Supply". The Wall Street Journal. 27 April 2022.
  51. ^ "Experts say Ukraine war shows we need a new way to feed the world". Politico. 20 May 2022.
  52. ^ "DM's profit jumps 74% on higher grain prices and demand". Food Dive. 28 July 2022.
  53. ^ LUSVARDI, CHRIS (August 26, 2014). "ADM settles in at new Chicago headquarters". Herald-Review.com. Retrieved 2021-02-24.
  54. ^ "Pat Woertz retiring; ADM names new CEO". Chicago Tribune. 6 November 2014.
  55. ^ Hunt, Sarah McFarlane (2015-10-16). "Olam completes acquisition of ADM's cocoa business". Reuters. Retrieved 2020-10-02.
  56. ^ "ADM Completes Sale of Global Cocoa Business". Adm.com. Archived from the original on November 20, 2015. Retrieved November 19, 2015.
  57. ^ "Deals of the day-Mergers and acquisitions". Reuters. 2017-01-31. Retrieved 2023-05-10.
  58. ^ "Grain Traders' Profits Rise as Ukraine War Tightens Global Food Supply". The Wall Street Journal. 27 April 2022.

If there are any further questions about this updated draft, I will be readily available to respond.ADMDane (talk) 16:40, 19 January 2024 (UTC)[reply]

Hello. Jumping back into this thread to ping two editors who have provided feedback on edit requests on this Talk page in the past: Spintendo and STEMinfo to see if either has any interest with this request. If any further information is required, I'll be standing by to reply. Thank you. ADMDane (talk) 21:57, 2 February 2024 (UTC)[reply]
@ADMDane:  Done I also removed some duplicate content about the embargo, and moved the President hire to the 2001 section so it's chronological. STEMinfo (talk) 07:54, 7 February 2024 (UTC)[reply]
Thank you so much for implementing the request and cleaning up the duplicate language/moving content to chronological order. ADMDane (talk) 19:52, 9 February 2024 (UTC)[reply]

ADM request: Carbon footprint section update[edit]

Hello Wikipedia editors. I'm back with a new request, this time about the Carbon footprint subsection within the Environmental record section. Right now the reporting in the subsection stops at 2020 and the emissions figures are thus outdated. I've put together an updated version that includes the most recent emissions numbers using the same ADM Sustainability Report sourcing that the current numbers are pulled from:

Updated Carbon footprint draft

Carbon footprint[edit]

ADM reported Total CO2e emissions (Direct + Indirect) for the twelve months ending December 2022 at 15,630 Kt (-370 year over year).[1] In April 2020, ADM announced that by 2035, the company intends to have reduced its greenhouse gas emissions by 25%, and its energy intensity by 15%.[2]

Archer-Daniels-Midland Company's annual Total CO2e Emissions - Location-Based Scope 1 + Scope 2 (in kilotonnes)
Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
17,471[3] 17,363[4] 17,800[5] 16,230[6] 16,000[7] 15,630[8]

References

  1. ^ "2022 ADM Corporate Sustainability Report" (PDF). ADM. May 19, 2023. Retrieved June 26, 2023.
  2. ^ Einstein-Curtis, Aerin (2020-04-01). "ADM sets 2035 emissions, energy reduction targets". feednavigator.com. Retrieved 2023-06-27.
  3. ^ "Archer-Daniels-Midland Company's Sustainability Report for 2017Q4" (PDF). Archived from the original (PDF) on June 4, 2020. Alt URL
  4. ^ "Archer-Daniels-Midland Company's Sustainability Report for 2018Q4" (PDF). Archived from the original (PDF) on April 6, 2020. Alt URL
  5. ^ "2019 ADM Corporate Sustainability Report" (PDF). ADM. Retrieved July 6, 2023.
  6. ^ "Archer-Daniels-Midland Company's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on September 8, 2021. Alt URL
  7. ^ "Archer-Daniels-Midland Company's Sustainability Report for 2021Q4" (PDF). Archived from the original (PDF) on September 28, 2022. Alt URL
  8. ^ "2022 ADM Corporate Sustainability Report" (PDF). ADM. May 19, 2023. Retrieved June 26, 2023.

As you can above, I added the 2021 and 2022 numbers to the chart. I also updated the first sentence to reflect the 2022 figures and updated the next sentence with new sourcing.

My usual disclosure: I work for ADM and thus won't be making any direct edits. Instead, I'm posting these proposed updates as requests that impartial editors can review and implement if it makes sense to do so. I think this particular update is pretty straightforward, but please let me know if you have any questions. ADMDane (talk) 21:41, 16 February 2024 (UTC)[reply]

 Done ARandomName123 (talk)Ping me! 19:31, 17 February 2024 (UTC)[reply]
Thank you so much. ADMDane (talk) 18:22, 21 February 2024 (UTC)[reply]

ADM request: Underground CO2 storage section update[edit]

Hello again, Wikipedia editors. Dane from ADM here once more. I've got another request about the Environmental record section, this time about expanding the Underground CO2 storage subsection. The current text does not make it clear that the storage efforts actually encompass *two* different projects: the Illinois Basin - Decatur Project (IBDP) and the Illinois Industrial Carbon Capture and Storage Project (IL-CCS). Both of these projects were co-sponsored by the U.S. Department of Energy and have received considerable coverage by media outlets and analysis in academic journals. I have pulled from these sources in my proposed draft for an updated version of this subsection:

Updated Underground CO2 storage draft

Underground CO2 storage[edit]

The American Recovery and Reinvestment Act of 2009, the economic stimulus package developed in response to the Great Recession, included a $3.4 billion allocation for the Department of Energy's office of fossil fuel, the majority of which was slated for the Industrial Carbon Capture and Storage (ICCS) program.[1] Through this ICCS initiative,[2] the Department of Energy co-sponsored two large-scale capture and storage projects at ADM facilities in Illinois.[3] These projects were intended to test the feasibility of underground disposal of carbon dioxide emissions.[4]

In November 2011, the first of these projects, the Illinois Basin - Decatur Project (IBDP), began operation.[5] The project involved injecting carbon captured at an ADM biofuel facility into Mount Simon Sandstone, a saline reservoir.[4] This project was carried out by the Midwest Geological Sequestration Consortium at the University of Illinois.[4] The Department of Energy provided $66.7 million in funding, with other funding coming from private partners.[6]

After three years of injection, it was determined that the sandstone was accepting CO2 in an easier fashion than was originally expected.[6] In 2017, operations began on a larger project, the Illinois Industrial Carbon Capture and Storage Project (IL-CCS),[7] which again involved injecting carbon into Mount Simon Sandstone, but this time at a different location and at a much higher volume.[8] Whereas the first project involved injecting one million tons of carbon underground over three years, the IL-CCS project involved storing that same amount in only one year.[8] The Department of Energy contributed $141 million to the project, while the private sector cost share amounted to over $66 million.[9] Other partners included Richland Community College and the Illinois State Geological Survey.[9]

In November 2020, Investigate Midwest reported that the Illinois Industrial Carbon Capture and Storage Project had not reached its milestone of one million tons stored and had only stored approximately half that amount, and that carbon emissions from the Decatur facility had actually increased from 4.2 million tons of carbon dioxide in 2016, the year before the project launched, to 4.4 million in 2019.[10] The United States Department of Energy responded that the agency wasn't concerned about the project reaching the stated goals, as ADM successfully demonstrated that the storage technologies work and could be utilized for future projects.[10]

In August 2021, ADM announced that its US flour milling operations had achieved net carbon neutral status, in part due to the Decatur capture and storage project.[11]

In March 2023, the Decatur City Council voted unanimously to allow ADM to expand its carbon sequestration program onto city land,[12] with the company paying the city $450 per acre of land.[13] The agreement enabled ADM to inject liquified carbon dioxide into "pore space" 1.25 miles under land owned by the city of Decatur.[13]

References

  1. ^ Gardner, Timothy; Nichols, Bruce (2009-03-05). "ANALYSIS-Costs to keep US carbon storage from coal elusive". Reuters. Retrieved 2023-07-11.
  2. ^ Gollakota, Sai; McDonald, Scott (October 15, 2012). "CO2 capture from ethanol production and storage into the Mt Simon Sandstone". Greenhouse Gases: Science and Technology. 2 (5): 346–351. Retrieved July 11, 2023.
  3. ^ Lusvardi, Chris (April 11, 2017). "ADM begins carbon dioxide injection process". Herald-Review. Journal Gazette and Times-Courier. This is the second carbon capture and storage project that ADM has helped to lead. The previous project involved removing and storing approximately 1 million tons of carbon over three years as part of the smaller scale Illinois Basin – Decatur Project, which was led by the Midwest Geological Sequestration Consortium at the University of Illinois.
  4. ^ a b c Finley, Robert J. (October 2014). "An overview of the Illinois Basin – Decatur Project". Greenhouse Gases: Science and Technology. 4 (5). Wiley: 571–579.
  5. ^ "Project begins injection of CO2 for storage at Illinois Basin". Prairie Research Institute. November 28, 2011 – via Phys.org.
  6. ^ a b "Decatur Fact Sheet: Carbon Dioxide Capture and Storage Project". Massachusetts Institute of Technology.
  7. ^ Lusvardi, Chris (April 11, 2017). "ADM begins carbon dioxide injection process". Herald-Review. Journal Gazette and Times-Courier. Operations have started as Archer Daniels Midland Co. plans to inject and permanently store more than 1 million tons of carbon dioxide per year deep underneath part of Decatur's east side. The Illinois Industrial Carbon Capture and Storage project is a continuation of research efforts that have already taken place with hopes to show the technology can be commercialized.
  8. ^ a b "Illinois Industrial Carbon Capture and Storage (IL-CCS) Fact Sheet: Carbon Dioxide Capture and Storage Project". Massachusetts Institute of Technology.
  9. ^ a b Lusvardi, Chris (April 11, 2017). "ADM begins carbon dioxide injection process". Herald-Review. Journal Gazette and Times-Courier. Partners on the $207 million project include the U.S. Department of Energy, Richland Community College and the Illinois State Geological Survey. The project received a $141 million investment from the Department of Energy, which was matched by over $66 million in private sector cost share.
  10. ^ a b Hettinger, Johnathan (2020-11-19). "Despite hundreds of millions in tax dollars, ADM's carbon capture program still hasn't met promised goals". Investigate Midwest.
  11. ^ Crawford, Elizabeth (2021-08-31). "ADM's US flour milling reaches net carbon neutrality thanks to 'energy treasure hunts,' carbon sequestration & new, state-of-the-art facilities". foodnavigator-usa.com. Retrieved 2023-06-22.
  12. ^ Moore, Brenden (2023-03-21). "Decatur allows ADM to store CO2 under city-owned land". Herland & Review. Retrieved 2023-06-27.
  13. ^ a b Nelson, Noah (2023-03-21). "Decatur City Council approves ADM carbon capture sequestration, Tillamook plant redevelopment plan". WCIA.com. Retrieved 2023-06-27.

As you can see, my draft does include a reference to critical reporting from Investigate Midwest. I believe the reporter left out a lot of important context in the cited article, but nevertheless, I included their figures in an effort to capture the full range of reporting on the subject.

Again, this draft represents a considerable expansion of the current subsection, but given the amount of media coverage and academic analysis of the carbon storage projects such an expansion seems appropriate. I do recognize, though, that this is a substantial update proposed by an ADM representative and will thus require time for volunteer editors to review carefully. I will be watching for any responses and will try to answer questions as promptly as I can. Thank you again for your due diligence here. ADMDane (talk) 20:35, 4 March 2024 (UTC)[reply]

I am tagging ARandomName123, STEMinfo, Spintendo, Graywalls, and Kpgjhpjm as they have responded to previous requests I've posted here. Any feedback would be much appreciated! ADMDane (talk) 17:58, 25 March 2024 (UTC)[reply]
 Done STEMinfo (talk) 17:55, 8 April 2024 (UTC)[reply]
Thank you so much for your assistance here, STEMinfo. I just posted another request about adding a much shorter regenerative agriculture subsection. Would be great if you or another editor could review that one as well, though I understand there are 100+ COI requests in the queue right now. Many thanks, regardless. ADMDane (talk) 18:45, 12 April 2024 (UTC)[reply]

ADM request: New Environmental record subsection[edit]

Hello again to any Wikipedia editors watching this page. I have one more request about the Environmental record section, this time about adding a short subsection about ADM's regenerative agriculture program. This initiative has received substantial media coverage and thus seems worth briefly mentioning. I pulled from recent news articles to create the following three-sentence draft:

Regenerative agriculture draft

Regenerative agriculture[edit]

In September 2022, PepsiCo and ADM established a partnership on regenerative agriculture projects that would increase the practice across their North American supply chains and help the companies meet carbon reduction goals.[1] In July 2023, ADM launched an expansion of the program, which offers producers financial incentives and technical support to implement regenerative practices.[2] As of December 2023, the company had allocated nearly 2 million acres of land within its supply chain for the program.[3]

References

  1. ^ Doering, Christopher (September 15, 2022). "PepsiCo, ADM partner to cut carbon through regenerative agriculture". Food Dive. Retrieved August 29, 2023.
  2. ^ Donley, Arvin (July 19, 2023). "ADM regenerative ag program set to expand". Food Business News. Retrieved August 29, 2023.
  3. ^ Marston, Jennifer (December 14, 2023). "2 million acres and counting: unpacking ADM's regenerative agriculture progress report for North America". AgFunderNews. Retrieved January 29, 2024.

I tried to keep the content short and only included key information about the program as reported in the cited outlets. Per my previous Talk page requests, I recognize that since this request is coming from an ADM representative, editors are going to want to review it with extra scrutiny. Please let me know if you have any questions. ADMDane (talk) 18:30, 12 April 2024 (UTC)[reply]

 Done Sources seem good, well-written. Thank you. Coulomb1 (talk) 01:00, 16 April 2024 (UTC)[reply]
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