Golden Peanut Co. LLC, a subsidiary of Archer Daniels Midland (ADM) has acquired an 80% stake in the assets of South African peanut processor P-Farm Agente and a 50% stake in South African pecan processor South African Pecans. The stake in P-Farm Agente includes a bulk warehouse and a shelling plant capable to processing 20,000 tons of peanuts per year. The pecan processor will operate under the name GPC Pecan S.A. and the peanut business will operate under the name Peanut & Tree Nut S.A. The acquisitions expand the Georgia-based Golden Peanut’s presence beyond the U.S. and Argentina, gives the company a new point of origin, and advances the company toward its goal of becoming a global groundnut handler.
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