![]() ![]() ![]() The new unit will include many of our specialty ingredients. We appreciate the difference in our business models, and will support continued success of the Wild Flavors model by establishing a new business unit called Wild Flavors and Specialty Ingredients. "Given the strong brand Wild Flavors has with customers around the world, we intend to maintain the Wild Flavors name. "We have tremendous respect for the culture and business that Dr. With the strong financial resources, and expanded customer base, product offering and global footprint, I am confident Wild Flavors will be well-positioned for growth." Hans-Peter Wild, chairman of Wild Flavors, said, "I am very pleased by ADM's acquisition of Wild Flavors and the future business we will build together. The acquisition will meet our return objectives, with estimated cost and revenue synergies of €100 million by year three."ĭr. And it is consistent with actions we've taken to dampen the volatility of our earnings mix and deliver on our commitment to profitable growth. It complements the ingredient, organic-growth investments we've recently made-including our Brazil protein complex and soluble-fiber expansion in China. It is consistent with our long-term strategy to diversify the crops we process and expand and diversify our product portfolio. "The addition of Wild Flavors balances and extends our value chain. "Together, ADM and Wild Flavors will create one of the leading flavor and specialty ingredient companies in the world, with sales approaching $2.5 billion," Woertz said. #Fruitjuice 2.3 fullWild Flavors, with estimated 2014 net revenues of about €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. " 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." "This acquisition expands ADM's ability to serve customers' evolving needs today and well into the future," said ADM Chairman and CEO Patricia Woertz. The transaction is contingent on regulatory approvals and is expected to close by year end. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co., and assume approximately €0.1 billion of net debt. In an all-cash transaction valued at approximately €2.3 billion enterprise value, ADM will pay €2.2 billion to Wild Flavors shareholders Dr. Archer Daniels Midland Company is acquiring Wild Flavors, headquartered in Zug, Switzerland. ![]()
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