Irish Dairy Acquires US Ingredients Company

The largest exporter of Irish dairy products, Ornua, recently purchased CoreFX Ingredients, a division of MCT Dairies, Inc. together with a powder production factory in Orangeville, Illinois.

The purchase is Ornua’s first such specialty dry ingredients production facility in the United States. The company already owns ordinary ingredients production facilities in Spain, Saudi Arabia and the United Kingdom, as well as in the US.

The new company will be known as CoreFX Ingredients LLC. Ornua is planning to continue to grow the scale and capability of the new acquisition via customer-led innovation, team expertise and new dairy technologies. Ornua is investing in the growth of the facility’s technical output plus in a new Customer Innovation Center in its headquarters in Chicago.

CoreFX Ingredients, which is headquartered in Chicago, uses spray drying and blending technologies. Serving a wide range of markets from snack foods, to sports nutrition, soups/sauces and salad dressings, baby food, desserts, bakery and dairy, the company supplies cheese and lipid powder ingredient solutions for food manufacturing companies.

Kevin Lane, CEO of Ornua commented on the deal:

“This acquisition is another key milestone in Ornua’s US expansion programme and is in-line with our strategy to invest in high growth and profitable dairy businesses. CoreFX Ingredients will provide our Ingredients division with greater scale and enhances our capability to deliver bespoke ingredient solutions to our customers. Importantly, we can share its dairy technologies across all of our ingredient operations around the world and in turn drive growth.”

ADM Opening Office in Chicago

Archer Daniels Midland Company will be opening a new office in the same location where United Airlines used to have space in a Chicago tower facing the Chicago River.

ADM is planning on moving about 100 of their employees to the 46th and 47th floors of a 51-story skyscraper this summer. A spokeswoman for ADM said that the building was picked due to the fact that “it offered the right amount of space in a good location with favorable terms.”

The move was decided last December even though ADM did not receive millions of dollars in tax breaks from the state that they were hoping for. The move will not affect the location of their North American corporate headquarters which is in the central Illinois city of Decatur where ADM employs about 4,400 people.

ADM is a processor of corn, soybeans and other crops, which are the precursors for a large variety of products from ethanol to animal feed.

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