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ADM Completes Acquisition Of Wild Flavors, Forms New Business Unit

October 1, 2014: 12:00 AM EST
Archer Daniels Midland Co. (ADM) has completed the acquisition of Swiss-German natural ingredients company Wild Flavors Gmbh. It will create a new business unit headed by Greg Morris, president of ADM’s North American Oilseeds Processing unit. The new unit, to be called Wild Flavors and Specialty Ingredients, will be a reportable segment beginning Jan. 1. The all-cash transaction is valued at $3 billion. ADM also will assume about $125 million of debt. The new unit will include the Wild business and current ADM product lines: specialty proteins, emulsifiers, edible beans, natural health and nutrition, soluble fiber, polyols, and hydrocolloids.
Jeff Gelski, "ADM to form new ingredients unit after Wild acquisition", BakingBusiness.com, October 01, 2014, © Sosland Publishing Co.
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