ADM expands food ingredient offerings with acquisition of WILD Flavors

摘要

Decatur, Ill.-based Archer Daniels Midland Company (ADM) will acquire WILD Flavors GmbH in an all-cash transaction valued at $3 billion (€2.3 billion), the move subject to regulatory approvals and expected to close at the end of the year. Wild Flavors, which is headquartered in Zug, Switzerland, is the world's sixth largest flavor provider. ADM will combine Wild Flavors with its specialty ingredients business into a unit called Wild Flavors and Specialty Ingredients that's expected to generate $2.5 billion in annual revenue. "This acquisition expands ADM's ability to serve customers' evolving needs today and well into the future," says ADM Chairman and CEO Patricia Woertz. "Natural flavor and ingredients is one of the largest and fastest-growing consumer trends in both developed and emerging markets, and WILD Flavors is the world's leading provider of natural flavor systems to the food and beverage industry."