ALPHARETTA, Georgia, — Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company (NYSE: ADM), announced today that it will invest to significantly expand the capacity of its peanut oil processing facility in Dawson, Georgia.
“The peanut—and peanut oil—business in the U.S. is poised for growth, and we’re investing to meet our customers’ needs,” said Greg Mills, president, Golden Peanut and Tree Nuts. “Consumers today are looking for cleaner labels, and peanut oil is non-GMO, non-trans fat, and—when highly refined—allergen-exempt. The U.S. is currently a net importer of peanut oil, and with the increase we’re seeing in domestic demand as well as the current strong outlook for the U.S. peanut crop, Golden is ready to meet customer needs with domestic production.”
The project is targeted for completion in Q2 of 2016.
About Golden Peanut and Tree Nuts
Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, is a leading handler, processor and exporter of peanuts and tree nuts. Headquartered in Alpharetta, Georgia, the company has 13 processing facilities in the U.S., one in Argentina and three in South Africa.
About ADM
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.
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