Asia Pacific: Olam buys ADM Cocoa for US$1.3B

Singapore-based Olam International Lfersadayimited zinc in zinc citratewill acquire the global cocoa business of Archer Daniels Mi21st century calcium citrate plus d3dland Company (ADM) at an enterprise value on a cash mag citrate amazonand debt free basis of US$1.3 billiontwinlab calcium.###This compricalcium citrate liquid for constipationses fixed assetsferrous fumarate supplement of US$550.0 million ferrous gluconate 240mg tabletsand working capital of US$750.0 million, sumagnesium citrate 150bject to closiferrous fumarate 29 mgng adjustments.###ADM’s worldwide cocoa business comprises cocoa processing assets made up of eight factories with totamagnesium citrate glycinate malatel capacity citracal petites with d3of 600,000 metric tmagnesium citrate hebons, 10 warehouses, two usines, four innovation centers, deZaan brand and its 2,superior labs magnesium citrate150 plus customer fcalcium citrate chewsranchise, and a marketing network across 16 countries. ###The acquircalcium citrate 750 mged business does not include assets under ADM’s global chocolate busineferrous fumarate uspss. Over 1,500 ADM perrigo ferrous gluconateCocoa employees including 30 research and development professionals will join the comferrous gluconate 324 mgbined cocoa entity as partcalcium citrate with vitamin d3 magnesium and zinc tablets of the transaction.###natures aid magnesium“With cocoa being a prioritized platform for investment, this proposed acquisition remagnesium citrate 400presents a transformatiobest zinc gluconate supplementnal opportunity for Olam Cocoa to become an integrated ferretts 325 mgglobal leader in a market with attractive growth prospects,” says Olam’s co-founder, group MD and CEO, Sunny Vesolaray cal magrghese.###With farm-gate origination, sustainability programs, trading zinc gluconate cold eezeancitracal pilld export presence in all major cocoprenatal vitamin with fe fumaratea origins, except Brazil, in recent years, Olam Cocoa has integrated its supply chain by investing in origin processing in Côte d’Ivoire and Nigeria, and in value-added ferrous fumarate chewable tabletspcitracal calcium citrate petitesrocessing facilities in Spain and the UK.###The proposeascorbic acid ferrous fumarated acquisition iferrous fumarate and ferrous sulfates expected to enhance value for all of Olamspring valley magnesium citrate’s scalcium citrate magnesium zinc vitamin d3 tablets ciplatakeholdfersaday tabletsers as it transforms Olam Cocoa into:###• A citracal plus with magnesiummarket global integrated player with an origination fmagnesium cootprint in all key spring valley magnesium citrate 100 mgprodcelebrate vitamins calcium citrateucing oripure encapsulations zinc citrategins, including Brazil; and###• One of the world’s top three cocoa processors.ferrous gluconate 324 mg 38 mg iron tablet The combined capacity calcium citrate 1500 mg chewablewzinc sulphate and zinc gluconateill be approximately 700,000 MT as eight midstream processing facilities from ADM Cocoa in the Netherlands, Germany, Brazil, Singapore, Ghana, Côte d’Ivoire and Canadiron gluconate 325 mga are added to Olam Cocoa’s existing midstream proceliquid calcium citratessing portfolio.###&calcium citrate with vitamin d chewsndsp zinc gluconateboral ferric pyrophosphatespgnc calciumcalcium citrate no vitamin d;

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