ADM buying pet treat company Crosswind
ADM anticipates closing the deal in the coming weeks.
Archer Daniels Midland Company (ADM) signed an agreement to acquire Crosswind Industries, Inc., a Kansas-based producer of dry-expanded, dual-texture, semi-dry and semi-moist pet treats. ADM anticipates closing the deal in the coming weeks.
“The global pet food industry represents a strong opportunity for strategic growth, especially for a company with the global resources of ADM,” said Brent Fenton, president of ADM Animal Nutrition, in a press release. “ADM already sells more than 50 ingredients and commodities that are used by more than 70 percent of all pet food companies in North America. Now, we’re taking the next step with the addition of Crosswind Industries to our global network. With five production facilities and a wide range of successful products, Crosswind represents a strong opportunity to expand our capabilities, and a great fit not just with the Animal Nutrition business, but across ADM’s wider portfolio of ingredients, colors and flavors for pets. We’re looking forward to combining Cros swind’s operations and products with our own to provide customers an even broader array of products and services.”
ADM expansion strategy
Crosswind Industries manufactures contract and private label pet treats and foods, as well as specialty ingredients. Its 300 employees operate five processing lines across five Kansas facilities, with nine ready-for-retail packaging lines.
“Since early 2015, we have announced or completed several organic growth and improvement projects for our Animal Nutrition business across the US, as well as overseas,” Fenton said. “We’ve also been active on the M&A front, with the acquisition of Lyrco Nutrition and the creation of our Alliance Liquid Feeds joint venture.”