Analysis of information sources in references of the Wikipedia article "Archer Daniels Midland" in English language version.
Fighting stagnation in its old-line businesses, the company is searching for growth in the future of nutrition.
John W. Daniels began crushing flaxseed to make linseed oil in Ohio in 1878, and in 1902 he moved to Minneapolis, Minnesota, to organize the Daniels Linseed Company. The company consisted of a flax crushing plant that made three products: raw linseed oil, boiled linseed oil, and linseed cake or meal. In 1903 George A. Archer joined the firm, and in a few years it became the Archer-Daniels Linseed Company.
In 1923 the company purchased the Midland Linseed Products Company and then incorporated as the Archer Daniels Midland Company.
Throughout the 1920s the company made steady purchases of oil processing companies in the Midwest while engaging in other agricultural activities.
1930: ADM acquires the Commander - Larabee Co., a huge flour miller capable of producing 32,000 barrels per day.
When President Thomas L. Daniels (son of the founder) and Chairperson Samuel Mairs celebrated Archer Daniels Midland's 50th anniversary in 1952, the company was manufacturing over 700 standard products and had extended its operations overseas.
In 1927, ADM's grain division was established, and in 1934, the company initiated its first continuous solvent extraction at its Chicago soybean crushing facility, using soybeans and the new chemical process to successfully extract soybean oil from the oilseeds.
By 1952, ADM's workforce had grown to 5,000 employees.
'One of the first focus areas for ADM Ventures was alternative proteins,' said Darren Streiler, vice president of venture capital. 'ADM has an over 75-year history in plant-based proteins, but ADM Ventures was charged with looking beyond ADM's business in plant proteins.'
The company went public in 1924, and was listed on the New York Stock Exchange.
ADM first found a home in Decatur in 1939 and in 1969 ADM moved its corporate offices and research laboratory to Decatur.
This is the second carbon capture and storage project that ADM has helped to lead. The previous project involved removing and storing approximately 1 million tons of carbon over three years as part of the smaller scale Illinois Basin – Decatur Project, which was led by the Midwest Geological Sequestration Consortium at the University of Illinois.
Operations have started as Archer Daniels Midland Co. plans to inject and permanently store more than 1 million tons of carbon dioxide per year deep underneath part of Decatur's east side. The Illinois Industrial Carbon Capture and Storage project is a continuation of research efforts that have already taken place with hopes to show the technology can be commercialized.
Partners on the $207 million project include the U.S. Department of Energy, Richland Community College and the Illinois State Geological Survey. The project received a $141 million investment from the Department of Energy, which was matched by over $66 million in private sector cost share.
Merger of the Archer of the Archer-Daniels Linseed company and Midland Linseed Products company of Minneapolis into a corporation with total assets exceeding $11,000,000 and which will control about thirty-five per cent of the linseed mill capacity of the United States, became known here today.
Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
1962 April – Archer Daniels Midland Co. introduces a new trademark and decides to consistently call itself "ADM" (Soybean Digest, p. 27).
1972 – Dwayne Andreas is elected chairman of the board at ADM.
1974 – ADM in Brazil. 1974 acquired; soybean processing, edible oil refinery; Technologia Tecnologia em Vegetais e Proteinas SA / 50% 1974 acquired / soybean processing, edible oil;
1982 Dec. – ADM buys 80% of Alfred C. Toepfer International (ACTI), a grain trading firm based in Germany. With this, ADM became a multinational grain trader
The ADM plant in March 1934 represented a 'turning point and marketed the beginning of the large scale edible oil extraction industry as it is known today.' Installations of other large-capacity continuous plants followed in rapid succession.
His use of political clout — and his aggressive acquisition of smaller companies and expansion into new markets — built ADM into one of the world's largest agricultural processing, marketing and distributing companies.
It moved its headquarters here from Minneapolis in 1969.
