Adds leading North American pecan processor; new name and logo reflect expanded portfolio
CHICAGO – Golden Peanut Company LLC, a subsidiary of Archer Daniels Midland
Company (NYSE: ADM), announced today that it has acquired the processing facilities and certain
assets of the Harrell Nut Company, one of the country’s leading processors and shellers of pecans.
Reflecting the company’s continuing expansion of its product portfolio, Golden Peanut also announced
today that it is changing its name to Golden Peanut and Tree Nuts.
“By expanding our product portfolio, we are improving our ability to serve our customers while taking
another step in our efforts to reduce earnings volatility,” said Kris Lutt, president, Golden Peanut and
Tree Nuts. “Our diversification into tree nuts began earlier this year, when we acquired 50 percent
ownership of South African Pecans. We’re taking another step today. The acquisition of Harrell Nut
Company moves us into the U.S. pecan market—a market that we expect will see increasing consumer
interest in the coming years.”
Golden Peanut has more than 10 locations in the U.S., including plants in Blakely, Ga., Ashburn, Ga., Dawson, Ga., and Headland, Ala.
Harrell Nut Company is a major domestic pecan processor, with facilities in Camilla, Georgia; El Paso,
Texas; and Monticello, Florida. It serves both domestic and international markets.
“In recent years, we’ve seen the demand for healthier, more convenient foods drive up nut
consumption,” Lutt added. “U.S. pecan demand has grown almost 40 percent over the last decade.
Now, we are moving to take advantage of continuing growth. The Harrell family has built a great
business, and we look forward to working with them and their team to make it even stronger as part of
Golden Peanut and Tree Nuts.”
In addition to the name change, Golden Peanut and Tree Nuts is introducing a new logo that
reflects the company’s expanded product offerings.
“Our new name and logo reflect our commitment to growing and diversifying our business,” Lutt
continued. “Peanuts will remain a core part of our business. We are building on that core, enhancing
the range of products and solutions we can provide to our customers.”
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC
provide detailed information on such statements and risks, and should be consulted along with this
release. To the extent permitted under applicable law, ADM assumes no obligation to update any
About Golden Peanut and Tree Nuts
Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, is a leading handler,
processor and exporter of peanuts and tree nuts. Headquartered in Alpharetta, Georgia, the company
has 10 processing facilities in the U.S., one in Argentina, and three in South Africa.
About Harrell Nut Company
Harrell Nut provides the finest quality nuts possible while providing unsurpassed customer service.
Since its founding in 1994, the company has grown into a major player in the pecan industry, thanks to
the dedication of its staff, the commitment of its stakeholders, and the satisfaction of its customers.
Harrell Nut Company serves as a wholesale brand name, and services commercial accounts such as
supermarkets, bakeries, and many of the most recognized names in the food industry.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have
transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the
world’s largest agricultural processors and food ingredient providers, with more than 33,000
employees serving customers in more than 140 countries. With a global value chain that includes more
than 470 crop procurement locations, 285 ingredient manufacturing facilities, 40 innovation centers
and the world’s premier crop transportation network, we connect the harvest to the home, making
products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.