Company NewsADM and Matsutani Form Joint Venture for Sales and Marketing of Fibersol®-2 Dietary Soluble Fiber
June 13, 2006Archer Daniels Midland Company today announced the formation of a joint venture between ADM, Matsutani Chemical Industry Co., Ltd., and Matsutani America, Inc. The joint venture, which officially formed May 1, 2006, supports the worldwide sales and marketing of the food ingredient Fibersol®-2 dietary soluble fiber.
Fibersol-2 is a soluble dietary fiber ingredient that can be used in a variety of food and beverage applications as well as dietary supplements. Invented by Japan's Matsutani Chemical Industry Co., Ltd., Fibersol-2 dietary soluble fiber has been exclusively produced at ADM's Clinton, Iowa, facility since 1999. ADM will continue to manufacture Fibersol-2 dietary soluble fiber for both Matsutani Chemical and the joint venture
The joint venture combines Matsutani's strong technical and scientific expertise with ADM's vast production facilities and transportation network, resulting in a quality food ingredient that is backed by highly consistent service and more readily available supply.
"With the increased attention to health and to the deficiency of dietary fiber in the human diet, we have seen an increased demand for Fibersol-2 in both the U.S. and worldwide markets," said Kris Lutt, Vice President, ADM Corn Processing. "With the formation of this joint venture, we hope to better service customers' demands today and envision their needs for tomorrow."
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans, corn, wheat, and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners, and flour. In addition, ADM produces value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 25,000 employees, more than 250 processing plants, and net sales for the fiscal year ended June 30, 2005, of $35.9 billion. Additional information can be found on ADM's web site at admworld.com.
Matsutani America, Inc., Forsyth, Illinois, is a wholly owned subsidiary of Matsutani Chemical Industry Co., Ltd., Japan, which is a leading producer of specialty food starches and maltodextrins with new and innovative technology in production, product development, and application works in Asia. Matsutani America's initial charge was to demonstrate to North American food and beverage manufacturers the outstanding physical and chemical properties of their proprietary soluble dietary fiber: Fibersol-2 dietary soluble fiber produced in Clinton, Iowa, through an agreement with ADM.
Fibersol® is a registered trademark of Matsutani Chemical Industry Co., Ltd.
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From: Graham Keen, Vice President-Corporate Marketing 217/451-8675
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