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Accounting And Finance::The Accounting and Finance Training Academy is dedicated to promoting professionalism and advancing the standards of accounting and finance application through quality education, research, consulting and practice
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ADM diversifies into probiotics with $243 million aquisition of UK manufacturer(23/7/18)

Agricultural commodities giant Archer Daniels Midland Co. has diversified into the microbiome space with the acquisition of UK-based manufacturer Probiotics International Ltd. in a cash deal worth $243.5 million (£185 million) Our body contains more than 100 trillion bacteria and other microbes collectively known as microbiome, the research of which investigates how these bacteria and microbes affect our health.Probiotics International Limited produces research based live bacteria products for veterinary, human, agriculture, and equine healthcare markets. The Archer Daniels Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois.[2][3][4] The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.Prior to the aquisition the operational cash flow to debt ratio stood at over 21 % for the previous year. Cash investments were always on the card.

Accounting And Finance