ADM expands probiotics business

CHICAGO - ADM, a leader in nutrition and agricultural origination and processing, said it has significantly expanded its portfolio of health and wellness products and with an agreement to purchase Deerland Probiotics & Enzymes.

Financial terms of the transaction were not disclosed.

Deerland, based in Kennesaw, Georgia, is a global provider of probiotic and dietary supplements using probiotic, prebiotic and enzyme technology, including 12 branded product lines. Those products serve customers in areas including digestive health, immune health, women's health, food intolerance, sports nutrition, cellular repair, and systemic and cardiovascular health, ADM said.

The transaction, which is subject to regulatory approval, is expected to be completed in the coming weeks. When that occurs, Deerland's approximately 320 employees will transfer to ADM.

Deerland operates five manufacturing facilities, one fermentation facility; and eight research, development and quality control laboratories globally.

"The microbiome represents one of ADM's six strategic growth platforms, and with global demand for health and wellness products estimated at more than $775 billion, today's investment represents a significant step forward for ADM," Juan Luciano, ADM chairman and CEO, said earlier this week.