Archer Daniels Midland

RANK38

ADM is a nutrition, food processing, and commodities company whose broad product lineup ranges from high fructose corn syrup to products used in gasoline and cosmetics. The company climbed 12 spots to No. 38 on this year’s Fortune 500; its revenue shot up 32.5% in 2021 to $85 billion, driven by big sales gains for projects as varied as ethanol and vegetable oil. ADM expanded its footprint in pet nutrition, acquiring majority stakes in four pet food companies for $450 million. It also acquired South African flavor distributor Comhan in February 2022 for an undisclosed amount, aiming to boost its production of cocoa, cocoa butter, and chocolate.