The addition will significantly expands ADM’s array of innovative, groundbreaking products and solutions.
Chicago-based ADM said it will significantly expand its broad portfolio of health and wellness products and solutions with an agreement to purchase Kennesaw, Ga.-based Deerland Probiotics & Enzymes.
“The microbiome represents one of ADM’s six strategic growth platforms, and with global demand for health and wellness products estimated at more than $775 billion, today’s investment represents a significant step forward for ADM,” said ADM Chairman and CEO Juan Luciano. “Deerland Probiotics & Enzymes is a leader in probiotic, prebiotic and enzyme technology, with global sales and manufacturing in the U.S. and Europe, and is a perfect fit for our growing portfolio of functional ingredients and solutions for health-conscious consumers. We expect the addition of the Deerland capabilities and portfolio to deliver synergies for our Health & Wellness business and support growth across our Nutrition business unit.”