ADM to Hold Off on Acquisitions in Favor of Organic Growth
After an aggressive period of acquisitions, in which the company spent $7 billion in capital, $5 billion of which was allocated in EMEA, global grain trader Archer Daniels Midland (ADM) expects that in the coming years the company will shift its strategy to one of organic growth.
Ismael Roig, president Europe, Middle Easts, and Africa for ADM, told participants at the Global Grain conference in Geneva that the company will instead strive to optimize its business, increase efficiency, and look for growth opportunities in value-added channels such as nutrition.
Roig added that moving forward, ADM will focus on its new strategy course, recognizing that there is significant opportunity across all commodity streams, at both low and high sophistications, where ADM can gain significant margin.
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