DECATUR Ill. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
Associated British Foods, the parent of ACH, and ADM will each hold a 50-percent share in the firm. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
Stratas Foods, which will serve the foodservice and specialty food ingredient industries, is expected to make 2.5 billion pounds of oil in its first year. It will make vegetable oil, shortening, margarine and pan spray. Foodservice brands include Whirl and Frymax. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
The company will be based in Memphis, Tenn. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
Dan Antonelli, who is currently president of ACH, has been named chief executive of Stratas Foods. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
“By joining ADM’s sourcing and processing with ACH’s sales and marketing, Stratas Foods will benefit both customers and shareholders,” said Mark Zenuk, vice president of Global Oilseeds, ADM. “ADM’s integrated and efficient processing operations and ACH’s access to higher-margin markets will help keep costs low and enhance profitability.” —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
George Weston, chief executive of Associated British Foods, said the transaction “is a substantial step forward in the development of our U.S. oils business.” —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.
“The new joint venture with ADM will strengthen our U.S. packaged oils business and will significantly enhance its long-term growth prospects,” he said. —ACH Food Cos., Inc., and Archer Daniels Midland Co. have created Stratas Foods, LLC, a joint venture that will make, market and distribute packaged oil products in the United States and Canada.