Archer-Daniels-Midland and PYCO Industries, Inc. announced on June 16, 2025, an agreement to launch a joint venture combining their Lubbock, Texas, cottonseed processing capabilities. The new joint venture will be majority-owned by PYCO and governed by a six-member board with equal representation from both companies.
ADM and PYCO will each contribute their Lubbock-based processing facilities to the new company. John Grossmann, president of ADM's North American Ag Services and Oilseeds business, stated that this move delivers on opportunities for strategic simplification across ADM's global footprint.
The collaboration aims to enhance operational efficiencies and ensure consistent access to critical products for customers. The companies expect to complete the transaction and formally launch the joint venture in the third quarter of 2025, creating a stable and sustainable foundation for the business.
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