Archer-Daniels-Midland Company completed the acquisition of Revela Foods, LLC from New Heritage Capital, LLC and others for $650 million.
January 23, 2024
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Archer-Daniels-Midland Company (NYSE:ADM) entered into an agreement to acquire Revela Foods, LLC from New Heritage Capital, LLC and others on December 18, 2023. The acquisition is subject to customary closing conditions and regulatory approvals. ADM intends to complete the transaction early in 2024. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Revela Foods, LLC and New Heritage Capital, LLC. Lincoln International acted as legal advisor to Revela Foods, LLC and New Heritage Capital, LLC. Choate, Hall & Stewart LLP acted as legal advisor to Revela Foods, LLC and New Heritage Capital, LLC. Reinhart Boerner Van Deuren s.c. acted as legal advisor to Revela Foods, LLC and New Heritage Capital, LLC.
Archer-Daniels-Midland Company (NYSE:ADM) completed the acquisition of Revela Foods, LLC from New Heritage Capital, LLC and others for $650 million on January 24, 2024. The consideration is subject to working capital adjustments.
Archer-Daniels-Midland Company is one of the world's leading transformers of agricultural products into food ingredients, fuels, and industrial products. Net sales break down by activity as follows:
- agricultural services (78.3%): manufacturing and sale of oilseed-based products, raw materials trading, transportation, storage, etc.;
- manufacturing and sale of cereal grain-based products (13.8%): flours, starches, glucose, acidulants, sweeteners, dextrose, amino acids, etc.;
- manufacturing of flavors and ingredients (7.5%);
- other (0.4%).
Net sales are distributed geographically as follows: the United States (42.6%), Switzerland (21.5%), Cayman Islands (5.8%), Brazil (3.9%), Mexico (3.7%), Canada (2.2%), the United Kingdom (2.2%) and other (18.1%).
ARCHER-DANIELS-MIDLAND COMPANY 
