ADM and Pyco enter into joint venture for cottonseed processing

ADM and Pyco Industries have entered into an agreement to form a joint venture that will combine their cottonseed processing operations in Lubbock, Texas. The new venture will be majority-owned by Pyco and governed by a six-member board, three appointed by each company.

The two companies will move their processing facilities in the city to the new structure. The official launch is scheduled for the third quarter of 2025.

According to John Grossmann, president of ADM's North American Agricultural Services and Oilseeds unit, the initiative is part of a global simplification strategy and promises operational gains.

“We will continue to serve our customers while improving efficiency,” he said.

Robert Lacy, president of Pyco, highlighted the impact on cooperative members and end buyers: “we want to strengthen our competitiveness and ensure regular supply of essential products to the market”.