ADM is struggling to generate profit as the global commodity prices fell due to oversupply, especially grains. Its animal nutrition business is fairly profitable but its market is limited. Neovia's strong presence in Europe, Southeast Asia, and Central and South America will help ADM to diversify its source of income. In 2017, Neovia generated €1.7 billion (US$2 billion) in sales and together with ADM, the estimated combined sales would reach US$3.5 billion, allowing ADM to be the leading player in animal feed industry.
Founded in 1954, Neovia has seven businesses; complete feed, aquaculture, petcare, premix/firm-services, additives and ingredients, animal health and analysis laboratories. It has 75 production facilities and 8,300 employees in 28 countries.