ADM (NYSE: ADM), a provider of nutrition and agricultural origination and processing, buys Deerland Probiotics & Enzymes, a provider of probiotic and dietary supplements.
Deerland produces its 12 branded product lines in sectors including digestive health, immune health, women’s health, food intolerance, sports nutrition, cellular repair, and systemic and cardiovascular health using probiotic, prebiotic and enzyme technology.
This acquisition is the most recent in a string of ADM strategic investments to build a full-scale global health & wellness business.
“Deerland Probiotics & Enzymes is a leader in probiotic, prebiotic and enzyme technology, with global sales and manufacturing in the U.S. and Europe, and is a perfect fit for our growing portfolio of functional ingredients and solutions for health-conscious consumers,” said Juan Luciano, ADM chairman and CEO. “We expect the addition of the Deerland capabilities and portfolio to deliver synergies for our Health & Wellness business and support growth across our Nutrition business unit.”