Archer Daniels Midland Company announced that it has completed the acquisition of WILD Flavors GmbH.
“One of the most important ways we are working to increase returns and reduce earnings volatility is through the growth of our specialty ingredient offerings,” said ADM Chairman and CEO Patricia Woertz. “These high-value products provide the opportunity for increased margins and strong sales aligned with global consumer trends. WILD Flavors is the latest in a series of strategic expansions in specialty ingredients, including our new Brazilian protein specialties complex and our Chinese soluble-fiber facility.”
ADM will form a new business unit, WILD Flavors and Specialty Ingredients, which will include the WILD business as well as several ADM product lines:
ADM’s WILD Flavors is one of the world’s leading suppliers of natural ingredients to the food and beverage industry. The company provides the global beverage and dairy market as well as the baked-goods, confectionery and ice cream industry with its products.