Miller Magazine Issue 110 / February 2019

46 NEWS MILLER / FEBRUARY 2019 ADM to acquire Gleadell Agriculture Ltd and Dunns Ltd Archer Daniels Midland Company announced it has signed an agreement to purchase the remaining 50 per- cent stake of Gleadell Agriculture Ltd., currently jointly owned by ADM and InVivo, including Gleadell’s wholly owned subsidiary Dunns Ltd. ADM will merge Gleadell and Dunns with ADM Arkady, ADM’s UK destination marketing business, and ADM Direct UK, ADM’s spe- cialist combinable crop origination business to create ADM Agriculture Ltd, thus strengthening ADM’s pre- sence across the UK. The transaction will inc- rease ADM’s origination, storage and destina- tion marketing capabilities in the UK, allowing it to serve as the trading partner of choice for even more farmers and customers. Established in 1880, Gleadell Agriculture Ltd. is a leading supplier of combinable crops to UK millers, feed compounders and other consumers, and a major exporter of grains, oilseeds and pulses to EU markets and further afield. The company sources crops directly from UK farmers and supplies certified seed and fertilizers. Key assets include port storage and ship loading operations along with extensive pulse and agricultural seed processing and storage. “With significant storage and processing capability and a longstanding reputation for being a safe and trus- ted trading partner, Gleadell and Dunns will be great additions to our business in the UK,” said Gary McGuigan, ADM’s president of Global Trade. “We are excited to expand our capabilities, not only to continue our strategic growth, but also to support our farmers and our customers as they work to address fast-growing consumer demand.” The deal, which is subject to regula- tory review, is expected to close during the first quarter of 2019. In combination with ADM’s current UK Ori- gination business, acqusition of Gleadell Agriculture Ltd and Dunns Ltd will further increase customer service and processing capabilities, widen existing UK footprint and strengthen ADM’s presence nationwide. Gary McGuigan Denny's merges with Satake Australia Satake Corporation announced a merger of two of its sub- sidiaries in Australia, Denny's Engineering and Welding Pty. Ltd. (DEW) and Satake Australia Pty. Ltd.(SAU). The merger began on January 1st, 2019. DEW is now a Denny's Silo di- vision of SAU and continues designing and manufacturing of grain silos and grain handling equipment under "Denny's" brand. DEW joined Satake Group in June, 2015, when SAU acquired 100% of its ownership. The acquisition provided a multi-faceted benefit to both companies, i.e., it gave DEW access to a new global and expanded domestic sales network with focus on South East Asia and the Pacific Region. The deal provided Satake Group an access to world class bulk handling and storage equipment, further enhancing their ca- pabilities as the leading supplier of rice and grain handling solutions in the world. Kenji Yamashita, President and CEO of Satake Australia Pty. Ltd. (SAU), says "we spent successful 4 years since the acquisition in integrating technologies and culture of the two companies in order to bring ourselves into higher level of expertise in what we specialize, grain handling and processing, without sacrificing any of the elements that made both companies successful over several generations." With powerful reinforcement of the Denny's Silo divisi- on, SAU will now further enhance and push its business to all area in the grain processing industry. Kenji says "Satake Australia will take full advantage of the synergies of Satake Group as a whole. From grain processing equipment to grain handling and storage, providing total solutions to our exis- ting and potential customers' business needs. We are very excited about this merger.”