ADM to Acquire Nine Grain Elevators in Wisconsin

Archer Daniels Midland Company (NYSE: ADM) today announced it has acquired five grain storage elevators from Olsen Brothers Enterprises and, in a separate transaction, has contracted to acquire four grain storage elevators from Olsen's Mill Acquisition Company/Ag Services of Wisconsin. ADM has also assumed a lease for an elevator from Olsen's Mill Acquisition Company.

All 10 elevators are located in Wisconsin, and have a combined storage capacity of approximately 20 million bushels. ADM began operating the elevators in August under lease agreements.