M&A Deal Summary

Olam Acquires Archer-Daniels-Midland - Global Cocoa Business

On October 16, 2015, Olam acquired food company Archer-Daniels-Midland - Global Cocoa Business from ADM for 1.2B USD

Acquisition Highlights
  • This is Olam’s 8th transaction in the Food sector.
  • This is Olam’s largest (disclosed) transaction.
  • This is Olam’s 5th transaction in the United States.

M&A Deal Summary

Date 2015-10-16
Target Archer-Daniels-Midland - Global Cocoa Business
Sector Food
Buyer(s) Olam
Sellers(s) ADM
Deal Type Divestiture
Deal Value 1.2B USD

Target

Archer-Daniels-Midland - Global Cocoa Business

United States
Archer-Daniels-Midland - Global Cocoa Business produces cocoa and its unit includes many facilities and is located in Brazil, Canada, Germany, Ghana, and Singapore.

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Buyer(S) 1

Buyer

Olam

Singapore, Singapore

Category Company
Founded 1989
Sector Agriculture
Employees39,192
Revenue 35.8B SGD (2020)
DESCRIPTION

Olam is a Singapore listed global and integrated supply chain manager that sources, processes, distributes, and markets select agricultural commodities in around 60 countries across Europe, North and South America, Asia and Africa. It is the world’s largest player in cashew, sheanut and Robusta coffee markets and a significant global supplier of cocoa, cotton, rice, sugar, timber and sesame. Olam participates along the entire supply chain starting from the farm gate in the origin countries to the factory gates in destination countries. Olam was founded in 1989 and is based in Singapore.


DEAL STATS #
Overall 8 of 12
Sector (Food) 8 of 12
Type (Divestiture) 1 of 1
Country (United States) 5 of 7
Year (2015) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 McCleskey Mills

Smithville, Georgia, United States

MMI is currently the third largest peanut sheller in the US with a market share of approximately 12% and an annual capacity of approximately 250,000 Farmer Stock Tons (FST). MMI owns processing facilities at two locations in Georgia, the heart of the country’s peanut growing region in the Southeast. In addition, it owns or manages 20 buying points and farmer stock storage assets at strategic locations in the Southeast region with a strong franchise amongst growers. MMI has also built long-standing relationships with a diverse set of customers in the snack, peanut butter and confectionery space.

Buy $176M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Acacia Investments

United Arab Emirates

Acacia Investments is a provider of edible oil refining and distribution services.

Buy -

Seller(S) 1

SELLER

ADM

Chicago, Illinois, United States

Category Company
Founded 1902
Sector Agriculture
Employees40,213
Revenue 93.9B USD (2023)
DESCRIPTION
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.

ADM is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. ADM was founded in 1902 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 8
Sector (Food) 2 of 2
Type (Divestiture) 5 of 8
Country (United States) 4 of 7
Year (2015) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Archer Daniels Midland - Global Chocolate Business

United States

Archer Daniels Midland - Global Chocolate Business comprises chocolate producing business.

Sell $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Eatem Foods

Vineland, New Jersey, United States

Eatem Foods Co. is a developer and producer of premium traditional, natural and organic savory flavor systems. Built on a rich, culinary heritage, Eatem provides the foundation for many of the country’s most recognizable savory brands.

Buy -