CJ CheilJedang teams with ADM to form US animal feed amino acids joint venture
Bitget2026/10/02 09:36- CJ Corp unit CJ CheilJedang signed a contribution agreement with ADM to form a global animal feed amino acids joint venture.
- JV to be owned 63% by CJ Bio America, 37% by ADM, using in-kind contributions of related operating assets.
- Partnership targets stronger competitiveness in feed amino acids, tighter global collaboration, more stable raw-material sourcing.
- CJ Corp backstops certain JV losses if CJ Bio America fails to indemnify ADM within 30 days of written notice.
- Agreement date set at Oct. 2, 2026, subject to regulatory clearances, including merger filing approvals.
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