|06:01 EDT||ADM||Archer Daniels completes acquisition of remaining stake of Toepfer|
Archer Daniels Midland announced that it has completed the acquisition of the remaining minority stake of Alfred C. Toepfer International, and is working on integrating Toepfer’s operations into ADM’s. Since 2002, ADM has owned 80% of Toepfer; through today’s transaction, ADM acquired the remaining stake from Union InVivo for EUR83M. Toepfer is a global merchandiser of agricultural commodities and processed products, through its network of 37 offices worldwide. Toepfer also operates inland, river, and export facilities in Argentina, Bulgaria, Canada, Hungary, Romania, Ukraine, and the United States.