ADM to ease up on acquisitions

GENEVA (Reuters) —Archer Daniels Midland Co. does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth.

“With this level of acquisitions we have had, I don’t think you will see ADM being a very aggressive M&A investor over the next few years,” said Ismael Roig, ADM’s president for Europe, the Middle East and Africa.

He said the company would instead focus on optimizing its business and driving efficiency, and look for opportunities in value-added sectors including nutrition.

The firm has made $7 billion in acquisitions globally in recent years, including $5 billion in Europe, the Middle East and Africa, Roig said.

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