Acquisition signals impressive growth for ADM
Archer Daniels Midland Company (ADM) has successfully completed its acquisition of Probiotics International Limited – known under its umbrella brand Protexin – a UK-based manufacturer of innovative research-based, natural healthcare and probiotic supplements for human, pet and production-animal use.
The £185 million deal is the latest in a series of investments as ADM continues to expand its wide portfolio of health and wellness offerings for both human and animal nutrition customers. The company will now be known as ADM Protexin Limited.
“With its leading human and animal nutrition brands sold in markets around the world, Protexin is an ideal addition to ADM’s established Health & Wellness business, which already includes a comprehensive range of ingredients such as bioactives, botanical extracts and specialty nutritional oils,” said Vikram Luthar, President of ADM Health and Wellness.
Last year, ADM acquired Biopolis (a leading provider of microbial technologies) and it has since announced a number of other research and development partnerships in the prebiotics and probiotics, personalized nutrition and animal health enzyme spaces.