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South Korean food and biotech company CJ CheilJedang Corp. and Archer Daniels Midland Company (ADM) announced they have agreed to form a new joint venture to secure a reliable, long-term source of feed-grade amino acids critical to the livestock industry. The JV will be majority owned by CJ CheilJedang.
Archer Daniels Midland (ADM) and CJ CheilJedang have agreed to form a joint venture to develop, manufacture, and market fermentation-derived feed-grade amino acids in the Americas. CJ will be the majority owner, and the launch is subject to customary closing and regulatory approvals.