ADM, a global leader in animal nutrition, announced that it has reached an agreement to acquire D.C.A. Finance B.V. (DCA), subject to required regulatory approvals.
DCA, located in Lelystad, the Netherlands, provides commodity derivative broking services to a broad range of agricultural customers in Europe.
Upon approval and completion, this acquisition will extend the geographic footprint of ADM Investor Services (ADMIS), to provide clearing, risk management and hedging solutions on regulated financial markets for customers across Europe.
“We are excited, together with DCA, to expand our commodity brokerage expertise and solutions, adding value and growth opportunities to our customer offering,” said Stuart Jackson, Managing Director ADMIS International.
For more than 50 years, ADMIS has been operating in the futures industry providing comprehensive brokerage services to institutional, commercial and retail clients. Headquartered in Chicago, Illinois, ADMIS is a registered Futures Commission Merchant supported by a network of affiliated brokers and sister companies across the United States and around the globe. ADMIS is a wholly owned subsidiary of ADM.
The acquisition is expected to complete in the second half of 2023.