Flavours company acquired

Archer Daniels Midland Company is to acquire Wild Flavours. The move will give ADM the ability to offer food and beverage companies a range of systems to enhance and improve their products.

In an all-cash transaction valued at approximately €2.3 billion enterprise value, ADM will pay €2.2 billion to Wild Flavors shareholders Dr. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P. ADM will also assume approximately €0.1 billion of net debt. The transaction is contingent on regulatory approvals and is due to close by year end.

“This acquisition expands ADM’s ability to serve customers’ evolving needs today and well into the future,” said 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.”

Wild Flavors has around 3,000 customers worldwide and offers food and beverage companies full flavor and ingredient solutions, fruit juice concentrates and blends, and other food and beverage ingredients such as natural flavors and extracts, mint oils and flavors, colors from natural sources, sweetening systems, seasonings, specialty ingredients, taste modifiers, and fermentation technologies.

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