The Chicago-based commodities giant, which trades, processes, and transports agricultural products, is working to diversify its business at a time when crop surpluses and trade disputes weigh on ADM’s bottom line. ADM, which saw 5.8% revenue growth in 2018, continued its push into the flavor and nutrition businesses—including through its $1.8 billion acquisition of Neovia, a leading animal feed company based in France. CEO Juan Luciano dismissed rumors in January that the company was interested in purchasing one of its largest competitors, Bunge; he added it was not the time to make monster deals. Devastating floods in the Midwest earlier this year disrupted business and have dampened expectations for 2019.
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