Archer Daniels Midland (ADM) Acquires Caterina Foods; No Terms
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ADM Adds to Specialty Pasta Capabilities with Purchase of Caterina Foods
September 30, 2016 1:45 PM EDTToll producer for Harvest Innovations will further enhance ADMs capabilities in the gluten-free and high-protein specialty pasta market
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has purchased the assets of Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas.
ADM is continuing to deliver on our strategy to create shareholder value by expanding our capabilities downstream in the value chain, said Vince Macciocchi, president of ADMs WILD Flavors and Specialty Ingredients business. Caterina is a toll... More