Corn field, Tate & Lyle, corn wet mill
ADM plans to acquire Tate & Lyle's corn wet mill in Casablanca, Morocco.

CHICAGO — Archer Daniels Midland Co. has reached agreement with Tate & Lyle P.L.C. to acquire the latter’s Casablanca, Morocco-based corn wet mill that produces glucose and native starch. Financial terms of the transaction were not disclosed.

Chris Cuddy, ADM
Chris Cuddy, president of ADM’s Corn Processing business unit

“The Morocco plant, which serves both global and regional customers in the food, feed, paper and corrugated board industries, is a great addition to our global sweeteners and starches footprint,” said Chris Cuddy, president of ADM’s Corn Processing business unit. “The facility is the leading sweetener and starch supplier in a country that should see substantial demand growth in the coming years. It is well-positioned to serve Moroccan customers as well as Mediterranean export markets. This also represents an opportunity to help introduce a wider range of ADM food and feed ingredients to the Moroccan market.”

Tate & Lyle said the sale of the plant represents another step forward for the company as it focuses its business in Europe, Middle East and Africa on Specialty Food Ingredients.