The investment strengthens ADM’s position as a leading supplier of natural ingredient solutions for the food and beverage industry while enhancing its ability to support customers seeking innovative, sustainable formulations.
The mill will be built on the site of the company’s former wheat flour mill, which was decommissioned and razed after operations ended in November 2025.
The financing will support the company’s ambition to scale sustainable rice production while reducing greenhouse gas emissions from one of the world’s most important staple crops.
The transaction will see CVC Capital Partners IX acquire Irca, the global B2B manufacturer of speciality food ingredient solutions.
The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.