BUSINESS NEWS


Ryan McCrady

EDC Selects Ryan McCrady as New President

The Board of Directors of the Economic Development Corporation of Decatur and Macon County (“EDC”) has  selected Ryan P. McCrady as its new President, effective January 5, 2015. Tim Stone, the EDC Board Chair, stated: “The EDC Board set its standards high in terms of this selection process. We have many important initiatives underway at present, and we eagerly anticipate many more opportunities over the next several years. We wanted an individual who is a proven leader, someone who has a track record of getting important things accomplished and someone who works hard to develop and foster good quality relationships. Ryan represents the gold standard in each of these areas. We are thrilled he has agreed to assume the leadership of the EDC at this critically important period.”
McCrady is currently the City Manager for the City of Decatur, a post he has held since October 2008. Ryan commented on his acceptance of the EDC role: Decatur is an amazing community, and my tenure as City Manager has been very rewarding. My family and I came to Decatur 6 years ago because we saw a city with tremendous potential, and it has proven to be true. I look forward to helping our community continue to succeed in my new role as President of the EDC.”
Mayor McElroy added: “Ryan has been an exceptional City Manager, and he will leave some very big shoes to fill. But I understand Ryan’s desire to have an even bigger impact on the development of our community in this new role, and I don’t believe the EDC could have selected a better leader. The City Council and I are supportive of his desire to make this important move at this time; we wish him total success and will do everything we can to support him in his new role at the EDC.”
Under Ryan’s leadership, and in cooperation with Mayor McElroy and the City Council, the City of Decatur has seen several recent major accomplishments, including an $89 million, multi-year dredging program to permanently increase the Lake Decatur capacity by 30%; a $14 million capital investment in the downtown streetscape; the relocation of the City of Decatur Police Department into a state-of-the-art, 46,000 square foot facility; and millions of dollars of investment in sewer, storm drainage, and water distribution infrastructure.
Larry Altenbaumer who has been serving as the interim President of the EDC since November 2013 oversaw much of the selection process for the new EDC President. He explained: “We conducted an extensive external search that resulted in more than 50 applications being reviewed; of this number, we identified about 8 that we felt warranted more detailed consideration. And over the course of the past several months we interviewed three of those candidates. At the same time the EDC Executive Committee reviewed potential local candidates. Ryan’s name surfaced very early as a desirable choice; however, discussions with Ryan in the early stages of the search process focused primarily on Ryan’s desire to complete certain critical initiatives in his current position. With the passage of time, Ryan achieved those targeted objectives and, I believe, began to see more clearly just how great the opportunity was at the EDC to really help shape the future of our community. The wait was well worth it; this is a superb outcome.”
Tim Stone added: “With Ryan, we have a proven performer. In both his position as City Manager and his role as a member of the Board of the EDC, Ryan is intimately familiar with all the current EDC activities. He has outstanding relationships at the local and state level. He will hit the ground running; there is no learning curve. This is a great day for our community.”

About the Economic Development Corporation of Decatur and Macon County

Composed of a combination of leading private sector employers, educational institutions and a variety of governmental bodies, the Economic Development Corporation of Decatur and Macon County is uniquely positioned to support the expansion and retention needs of Macon County’s existing business and employer base along and to effectively work with prospective businesses from outside the Central Illinois region to establish Decatur as a desired location for business development. The EDC works with local, state and federal partners to provide economic, technical and training assistance to businesses in the Macon County area. 

ADM to Acquire Specialty Commodities Inc.

Adds additional healthy ingredients to product portfolio

CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today (Oct. 13) announced an agreement to purchase Specialty Commodities Inc. (SCI), a leading originator, processor and distributor of healthy ingredients, including nuts, fruits, seeds, legumes and ancient grains, for US$170 million, subject to post-closing adjustments.

“One of the ways we are improving returns and reducing the volatility of our earnings is through the expansion of our specialty ingredients portfolio,” said ADM Chairman and CEO Patricia A. Woertz. “One milestone in the ongoing process was the addition of WILD Flavors; the addition of Specialty Commodities Inc. is another step. Consumers around the world are demanding higher-quality, better-tasting, healthier foods with clean labels. We are continuing to add new product streams to our portfolio to enhance our capabilities to serve our customers as they respond to this demand.”

SCI, which was founded almost three decades ago, works with a global network of suppliers to source natural and organic ingredients and distribute them to customers in the snack, ice cream, cereal, nutrition bar, health food, bakery, pet food and bird food markets.

“We are pleased that SCI will become part of ADM,” said Larry Leitner, SCI founding partner and CEO. “SCI’s suppliers, colleagues and customers will benefit from ADM’s world-class innovation, supply-chain and manufacturing capabilities. And with our complementary geographies, similar business models, and shared focus on quality and customers, we see a bright future for the business.”

SCI is majority owned by Goldner Hawn Johnson & Morrison. When the transaction closes, SCI will become part of ADM’s new WILD Flavors and Specialty Ingredients business unit.

“This is another step as we continue to broaden the portfolio of ingredients we offer, enhance our knowledge and expertise, and focus on the quality of our products and the markets that matter most to our customers,” said Greg Morris, president, WILD Flavors and Specialty Ingredients.

ADM anticipates closing the transaction, which is subject to regulatory approval, in the coming weeks.

For almost 30 years, SCI has offered a full line of natural and organic products such as nuts, seeds, ancient grains, spices, dehydrated fruits and other ingredients. Its corporate headquarters is in Fargo, North Dakota; it has two processing facilities in California, locations in New Jersey, Illinois, and Minnesota, and does business in countries including China, Bolivia, Argentina, Brazil, India, South Africa, and Australia. Information at www.specialtycommodities.com.


 
 
 
 
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