ADM to snap up National Starch?
ADM to snap up National Starch?
![National Starch for news National Starch for news](https://media.potatopro.com/national-starch-2400.jpg?width=1200&height=743&crop=smart&mode=crop)
In January Akzo Nobel NV became the new owner of National Starch and Chemical Company as part of its acquisition of ICI. Akzo made clear its intention to seek a new owner for the specialty starches business, which boasted half year revenues of about $619m in 2007.
Speculation is growing about potential buyers for National Starch Food Innovation with ADM emerging as a likely contender, according to one industry analyst from Frost &Sullivan.
A sale is expected before the end of the year and National Starch is likely to be snapped up by a market leader, said Chandrasekhar Shankaar, research analyst, foods and beverage ingredients practice at Frost &Sullivan.
Such a move could then increase the bargaining power of starch manufacturers struggling with increasing raw material costs, he added.
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