M&As this week: Archer Daniels Midland (ADM), Fresh Frozen Foods
Archer Daniels Midland (ADM) has been granted exclusivity for the proposed acquisition of Chamtor from Vivescia Industries.
Based in France, the target company produces wheat-based sweeteners and starches, whereas US-based ADM is an agricultural processor and food ingredient provider.
The acquisition is expected to be completed later this year.
The Pictsweet Company has completed the acquisition of Fresh Frozen Foods from Inventure Foods, a speciality foods company.
The acquirer company is a frozen vegetables distributor based in the US.