Friday, November 08, 2013

Agricultural products giant Archer Daniels Midland looking at move to Dallas

Agricultural products giant Archer Daniels Midland Co. is looking at moving its corporate headquarters from Illinois. And Dallas is on the list of potential relocation sites.
The Decatur, Illinois-based company is also considering locations in Minneapolis, Atlanta and Chicago for its head office.
Company officials toured locations in Dallas just last week, according to a report Monday by Boomberg News.
“We’ve had discussions with officials in a number of potential locations that align well with our selection criteria,” Archer Daniels Midland chief spokesman David Weintraub said Monday. “The timing of a decision will depend on the speed with which those discussions progress.
“But, in a broader sense, we expect that the actual relocation will occur well into 2014.”
While the move would only involve about 100 people, the headquarters is plum for cities competing for top corporate offices. Archer Daniels Midland is an international firm with billions of dollars in annual revenue.
The company announced the move back in September.
Company officials have said they are looking for an office location with better access to international travel.
“Our company is growing and becoming more global and more customer-centric,” Patricia Woertz, ADM chairman and chief executive officer, said in a statement. “To continue to succeed, we need a global center in a location that allows us to travel and work efficiently with customers and employees throughout the world.
“We also need an environment where we can attract and retain employees with diverse skills, and where family members can find ample career opportunities.”
Texas has already had a good run of attracting companies from Illinois.
Caterpillar affiliate Neovia Logistics Services LLC just relocated its head office from suburban Chicago to Las Colinas.
Archer Daniels Midland has been based in Decatur, Ill. for more than 40 years. (AP)
By Steve Brown