Archer-Daniels-Midland said on September 23, 2025 it signed a definitive agreement with Alltech to form a North American Animal Feed Joint Venture. The company said this is part of its strategy to transition its animal nutrition business into higher margin specialty ingredients.

1. 01

   Archer-Daniels-Midland said on September 23, 2025 it signed a definitive agreement with Alltech to form a North American Animal Feed Joint Venture. The company said this is part of its strategy to transition its animal nutrition business into higher margin specialty ingredients.

2. 02

   The company said the joint venture will be majority-owned by Alltech and governed by a board with equal representation from Archer-Daniels-Midland and Alltech. Alltech will contribute 18 feed mills in the U.S. and 15 in Canada, and the company will contribute 11 U.S. complete feed mills.

3. 03

   Archer-Daniels-Midland said it expects to complete the transaction with Alltech and formally launch the joint venture in Q1 2026. The company said it expects this transaction will not have a material impact on its 2025 financial results.

4. 04

   The company said with the formation of the joint venture it expects to be able to deconsolidate its complete feed business while retaining its proportionate share of the supply of specialty ingredients. Archer-Daniels-Midland said it will continue to retain its Canadian locations and its U.S. premix and additive businesses.

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Original filing

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