ADM to Acquire Meiweiyuan Biotechnology; Terms Not Disclosed

Archer Daniels Midland Company

announced today that it has reached an agreement to purchase Meiweiyuan Biotechnology Co., a privately held sweetener manufacturer near the city of Wuhan, in the central Chinese province of Hubei. "This acquisition helps further expand our footprint in regions with growing demand for our products," said Chris Cuddy, president of ADM's Corn Processing business. "Last November, we were excited to begin production at our new sweetener facility in Tianjin, which is allowing us to serve major customers in the northern part of the country as well as Asian export markets. Now, we are expanding to better meet demand for starches and sweeteners from customers in central and western China. This