European Commission Clears Acquisition of Gleadell by ADM
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Gleadell Agriculture by ADM Arkady, both based in the UK. Gleadell is a supplier and exporter of various grain and oilseed products. ADM is part of the Archer Daniels Midland group of companies and is a processor of a number of agricultural commodities.
The Commission concluded that the proposed transaction would raise no competition concerns as ADM has already joint control over Gleadell. Moreover, Gleadell and ADM hold limited combined market shares in the few markets where their activities overlap in the European Economic Area. The transaction was examined under the simplified merger review procedure.
In the coming weeks, ADM will merge Gleadell with ADM Arkady, ADM’s UK destination marketing business, and ADM Direct UK, ADM’s specialist combinable crop origination business, to create ADM Agriculture. This investment will further increase customer service and processing capabilities, widen existing UK footprint and strengthen ADM’s presence nationwide.
