ADM Alliance Nutrition expands caribbean footprint through two acquisitions
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Posted: 23 January 2013 | Archer Daniels Midland Company | No comments yet
“By strengthening our footprint in the region, we will be well-positioned to minimize product and delivery costs to customers…”
ADM Alliance Nutrition, Inc. of Puerto Rico, a wholly owned subsidiary of ADM Alliance Nutrition, Inc. (ANI), today announced the acquisition of two Puerto Rican feed manufacturers, NutriMix Feed Company and Granossa Corporation. ANI is a wholly owned subsidiary of Archer Daniels Midland Company (NYSE: ADM).
The acquisitions will provide ANI with a feed mill with port access in Puerto Rico as well as extensive storage, helping to strengthen the company’s overall footprint in the Caribbean.
“By strengthening our footprint in the region, we will be well-positioned to minimize product and delivery costs to customers,” explained Jack Cwach, vice president, Alliance Nutrition & Milling—International. “In addition to having easier access to more and higher-quality grain and ingredients for feed, we now have the ability to offer customers a broader portfolio of options to suit their needs.”
ANI currently owns and operates a commercial feed manufacturing facility in Hatillo, Puerto Rico, and a premix operation in Barceloneta, Puerto Rico, that produce feed products and mineral and vitamin mixes for customers and commercial dealers in the animal feed, dairy and swine industries.
The purchase of NutriMix will provide ANI with a barge and ship unloading facility at the Port of San Juan, in addition to a commercial feed mill, and vertical and flat storage located on the waterfront in Guaynabo, Puerto Rico. The Granossa assets—which include the leased land, building, bins and equipment located at the Luchetti Industrial Park in Bayamon, Puerto Rico—are approximately seven miles from the NutriMix port facility.
“These acquisitions are an excellent fit for our business as we continue to enhance our global presence in order to better serve our customers,” said Mark Kolkhorst, ADM vice president and president, ADM Alliance Nutrition and Milling. “Acquiring these two facilities will allow us to minimize our ingredient costs and fully leverage our global grain merchandising network.”
