ADM Expands Food-Ingredient Offering With Acquisition Of WILD Flavors
Archer Daniels Midland Company (NYSE: ADM) today announced that it is acquiring WILD Flavors GmbH, giving ADM the ability to…
EUR 2.3 billion acquisition adds flavor systems to portfolio of specialty ingredients
Archer Daniels Midland Company (NYSE: ADM) today announced that it is acquiring WILD Flavors GmbH, giving ADM the ability to offer food and beverage companies a comprehensive suite of systems to enhance and improve their products.
In an all-cash transaction valued at approximately EUR 2.3 billion enterprise value, ADM will pay EUR 2.2 billion to WILD Flavors shareholders Dr. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P., and assume approximately EUR 0.1 billion of net debt. The transaction is contingent on regulatory approvals and is expected to close by year end.
WILD Flavors, with more than 3,000 customers worldwide and estimated 2014 net revenues of about EUR 1 billion, offers food and beverage companies full flavor and ingredient solutions—known as flavor systems—and fruit juice concentrates and blends, as well as other food and beverage ingredients, including natural flavors and extracts, mint oils and flavors, colors from natural sources, sweetening systems, seasonings, specialty ingredients, taste modifiers, and fermentation technologies.
Archer Daniels Midland Company
Media Relations, Europe
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