CJ CheilJedang and ADM Form Joint Venture for Feed-Grade Amino Acid Business in the Americas
South Korea's CJ CheilJedang Corp has signed an agreement with U.S. grain giant Archer Daniels Midland (ADM) to establish a joint venture targeting the feed-grade amino acid market in the Americas. CJ BioAmerica will hold a 63% stake and ADM 37%, with both companies contributing production facilities and business assets. The deal aims to combine CJ CheilJedang's fermentation technology with ADM's grain supply chain and logistics, pending regulatory approval.