ADM acquires Ukrainian sunseed crushing facility
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.