The Archer Daniels Midland Company (ADM) was founded in 1902 by George A. Archer and John W. Daniels as a linseed crushing business. From then until 1970, they added one profit source per decade to their business, including processing, milling, and specialty food ingredients.
In 1970 Dwayne Andreas became CEO and began the process of transforming the company into an industrial powerhouse. He was CEO until 1997, when he was succeeded by his nephew, G. Allen Andreas.
Today ADM’s products include additives for fuel, food, and ingredients. The company has 270 plants and 420 crop procurement facilities worldwide, where oilseeds and grains are processed into animal feed, food, beverage, nutraceutical, and industrial products.
ADM has heavily invested in ethanol, bioenergy, and biofuels.
ADM is part of the S&P 500, was named the World’s Most Admired Food Company by Fortune in 2009, 2010, and 2011, has 30,000 employees, and had revenue of $89 billion in 2012.