VIVESCIA Industries is entering into exclusive negotiations in relation to the sale of Chamtor to ADM

Siège social de Chamtor
Press release
Tuesday, 28 March, 2017 - 14:30

Reims, France – 27 March 2017 – VIVESCIA Industries, specialist in cereal processing, is announcing that it has entered into exclusive negotiations with Archer Daniels Midland Company (ADM) in relation to the sale of its starch-glucose division.

Siège social de Chamtor

This project is part of VIVESCIA Industries’ mission of value creation and demonstrates its strategy to ensure that each of its companies achieves a leading position on its market as well as a profitable growth. A growth that is attainable through significant investments in its strategic activities or divestments in areas that would achieve better long-term development as part of a market leader.

Chamtor has developed an acknowledged expertise that successfully positioned it on the starch products market in Western Europe. Previously, its modest size limited its growth prospects, but by joining a leading company in this sector, it would strengthen its competitiveness and benefit from the necessary financial support for its industrial and commercial development.

VIVESCIA Industries has selected the project of the American company ADM, one of the world’s largest agricultural processors and food ingredient providers for food, animal feed, industrial and energy uses. Leader on the American starch and glucose market, ADM displays a strong ambition for the development of this sector in Europe.

In addition to the 2015-2016 acquisition of several processing units in Bulgaria, Hungary, Turkey and Morocco, the French facilities would be ADM’s only wheat-based production unit in Western Europe. Thus, Chamtor would be positioned at the heart of ADM’s strategy for geographical expansion and product diversification.

For Alain Le Floch, CEO of VIVESCIA Industries, “This operation would open strong future prospects to Chamtor and provide VIVESCIA Industries with additional resources to further its development on its strategic markets (distillery and brewery ingredients, bakery products, baking ingredients)”.

This project is subject to the standard procedures of information and consultation of Chamtor employees’ representative bodies, to the signing of the definitive agreement and to the approval from the competition and regulatory authorities.

Press contact:

Fabrice Bourgeois-Armurier
fabrice.bourgeois-armurier@vivescia.com
+ 33 (0)6 80 24 85 62
 

About VIVESCIA Industries
VIVESCIA Industries, owned by VIVESCIA Group and other financial and cooperative partners, brings together companies specialised in cereals processing, mostly for the food industry. They operate in buoyant markets such as malting, flour milling, bakery, maize processing, animal feed and biotechnology. Most are leaders on their markets. VIVESCIA Industries’ activity is mostly B2B with regional and large food industry customers. The group also reaches the end-consumers through its milling-bakery activity and some of its brands (Francine, Campaillette, Copaline and Delifrance). VIVESCIA Industries generated a €2.3 billion turnover at 30 June 2016 and employs 6,500 people over 24 countries.
www.vivescia-industries.com
About Chamtor
Created in 1992 by several agricultural cooperatives, Chamtor is a French company specialised in the processing of wheat into proteins, glucose and starch products. A leading company in France and in Western Europe, it processes 450,000 metric tonnes of wheat every year into a very diversified product range for its international customers in the food industry, animal feed and technical applications. Located at the heart of the Pomacle-Bazancourt biorefinery hub, Chamtor employs about 210 people and, at 30 June 2016, generated a €150 million turnover (of which 50% is exported).
www.chamtor.fr
About ADM
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses.
www.adm.com