Guide Note
Archer Daniels Midland, founded in 1902, by George A. Archer and John W. Daniels, is a conglomerate that specializes in agricultural products and commodities. They have 270 plants worldwide.
Fast Facts
- Stock symbol: NYSE: ADM
- Annual revenue (2007): $44 billion US
- Founder(s): George A. Archer and John W. Daniels
- Year Established: 1902
- Industry: Agribusiness, Agriculture and Food industry
- Phone: 800-637-5843
- HQ: Decatur, Illinois
- President: Paul B. Mulhollem
- CEO: Patricia A. Woertz
- Staff: 27,000+
- Products: Foods, beverages, feed, ethanol and bioenergy
Key Dates
- 1902: Archer-Daniels Linseed Company founded
- 1923: Acquired Midland Linseed Products Company
- 1923: Archer Daniels Midland formed
- 1993: Investigated by the US Justice Department
- 1999: Separated genetically modified and non-genetically modified crops
- 2001: Paul B. Mulhollem became president
- 2001: Paid $1.46 million fine for violating federal and Illinois clean-air regulations
- 2006: Patricia A. Woertz became CEO
Company Divisions
- ADM Cocoa
- ADM Corn Processing
- ADM Specialty Food Ingredients Food Additives Lecithin, Protein
- ADM Milling
- ADM Natural Health & Nutrition Vitamin E & Sterols
- ADM Food Oils
Subsidiaries
- The American River Transportation Company
- ADM Trucking, Inc
Categories