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ADM acquires Ukrainian sunseed crushing facility

March 19, 2007
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Archer Daniels Midland Company has completed the acquisition of all outstanding shares in Ilitchevskiy Maslo Extractionniy Zavod joint stock company from Risoil S.A., PRNewswire reports. IMEZ operates a sunseed crushing facility close to the port of Odessa in the Ukraine. ADM and Risoil became 50/50 shareholders in IMEZ in 2004. Ukraine is the second largest producer of sunseed in the world after the Russian Federation with harvests of approximately five million metric tons per year.

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