Machado Meyer advises ADM on the acquisition of Buckminster

Machado Meyer advised ADM do Brasil on the acquisition of a controlling equity stake in Buckminster Química, a glycerin producer headquartered in Macatuba, State of São Paulo.

Considering ADM is one of the largest agribusiness companies with operations in the food segment in Brazil, and that Buckminster operates the pharmaceutical and food industries, having as its main product the vegetable bi distilled glycerin, which is obtained from soybeans.

This is a relevant acquisition for the sector and for sustainability, considering that it produces zero residues and ADM itself holds the soybean. The transaction value was not disclosed.

Machado Meyer advised ADM do Brasil and relied on partner Vitor Fernandes de Araujo (pictured), lawyers Isabella Caroline Cristino, Stephanie Sartori Gennari.

Frignani Sociedade de Advogados advised Buckminster Química with partner José Rafael Pardini Junior.