We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Archer Daniels Midland Company | NYSE:ADM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 61.67 | 11 | 11:01:51 |
From May 2019 to May 2024
By Josh Beckerman
Golden Peanut Co., a unit of Archer Daniels Midland Co. (ADM), is expanding its reach with the purchase of Georgia pecan processor Harrell Nut Co.
The company is also changing its name to Golden Peanut and Tree Nuts.
Golden Peanut, based in Alpharetta, Ga., said the move will help reduce earnings volatility. A Friday statement from Golden Peanut didn't mention terms of the deal.
The transaction marks Golden Peanut's entry into the U.S. pecan market. Earlier this year, it bought a 50% stake of South African Pecans.
Golden Peanut was formed in 1986. It eventually became a joint venture between ADM and Alimenta (USA) Inc., before ADM bought Alimenta in 2011 and became the full owner of the peanut company.
Recent acquisitions in similar categories include TreeHouse Foods Inc.'s (THS) July purchase of Flagstone Foods, a dried fruit, trail mix and nut provider; and J.M Smucker Co.'s September deal for Sahale Snacks Inc., a maker of nut and fruit snacks.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Archer Daniels Midland Chart |
1 Month Archer Daniels Midland Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
