GENEVA (Reuters) - Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday.
"With this level of acquisitions we have had, I don't think you will see ADM being a very aggressive M&A investor over the next few years," Ismael Roig, Europe, Middle East and Africa President Archer Daniels Midland Co <ADM.N> told the Global Grain conference in Geneva.
He said the company would instead focus on optimizing its business and driving efficiency, and look for opportunities in value-added sectors including nutrition.
The firm has made $7 billion acquisitions globally in recent years, including $5 billion in EMEA, Roig said.
ADM purchased natural food ingredients company Wild Flavors for $3 billion (£2.34 billion) in 2014 and earlier this year it took over animal nutrition business Neovia for $1.7 bln as part of the U.S. farm giant's strategy to expand in the fast-growing animal nutrition sector.
"There's a significant amount of opportunity across all of the commodity streams at low level sophistication or high level sophistications to add a significant amount of margin and that's how we are thinking about the strategy going forward," he said.
(This story corrects to make clear $7 bln acquisitions are globally, not in EMEA region, adds detail).
(Reporting by Sybille de la Hamaide and Emma Farge, editing by Louise Heavens and Chizu Nomiyama)