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ADM vs IBG

Archer Daniels Midland Company and Innovation Beverage Group Limited Ordinary Shares

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Archer Daniels Midland Company

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions. It operates in three segments: Ag Services and Oilseeds; Carbohydrate Solutions; and Nutrition. The company originates, merchandises, stores, and transports agricultural raw materials, such as oilseeds and soft seeds. It engages in the agricultural commodity and feed product import, export, and distribution; and various structured trade finance activities. In addition, the company offers soybean meal and oil; vegetable and salad oils and protein meals; ingredients for the food, feed, energy, and industrial customers; margarine, shortening, and other food products; and partially refined oils to produce biodiesel and glycols for use in chemicals, paints, and other industrial products. Further, it provides peanuts, peanut-derived ingredients, and cotton cellulose pulp; sweeteners, corn and wheat starches, syrup, glucose, wheat flour, and dextrose; alcohol, and other food and animal feed ingredients; ethyl alcohol and ethanol; corn gluten feed and meal; distillers' grains; corn germ; and citric acids. Additionally, the company provides proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, and botanical extracts; and other specialty food and feed ingredients; edible beans; formula feeds, and animal health and nutrition products; and contract and private label pet treats and food products. It also offers futures commission merchant; commodity brokerage; cash margins and securities pledged to commodity exchange clearinghouse; and cash pledged as security under certain insurance arrangements. It operates in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company was founded in 1902 and is headquartered in Chicago, Illinois.

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Innovation Beverage Group Limited Ordinary Shares

Innovation Beverage Group, together with its subsidiaries, engages in developing, manufacturing, selling, and exporting alcoholic beverages in Australia and the United States. The company offers bitters under the Australian Bitters Company and BitterTales brands; bottled cocktails under the Twisted Shaker brand; light spirits; and mixers. It also provides non-alcoholic beverages; non-alcoholic spirits under the Drummerboy brands; and other alcoholic beverages under the Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs brands. In addition, the company retails wines and spirits, as well as its other products, through its online marketplaces consisting of www.wiredforwine.com, www.bevmart.com, www.bevmart.com.au, and www.drummerboy.com. The company was formerly known as Australian Boutique Spirits PTY LTD and changed its name to Innovation Beverage Group Limited in June 2022. Innovation Beverage Group was incorporated in 2018 and is based in Seven Hills, Australia.

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