WILD Flavors now part of ADM

ARCHER Daniels Midland Company expands its food & beverage business with the acquisition of WILD Flavors GmbH. The transaction is €2.3 billion, with €2.2 billion to be paid to WILD Flavors shareholders Dr Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR), and €0.1 billion goes to net debt.

“Together, ADM and WILD Flavors will create one of the leading flavour and specialty ingredient companies in the world, with sales approaching $2.5 billion and significant room to grow,” said ADM chairman and CEO Patricia Woertz. “With our combined global networks, world-class research & innovation capabilities, WILD Flavors’ natural flavour systems, and ADM’s texture, nutrition and functional solutions, we will create an unmatched capability to respond to local consumer preferences and offer complete food solutions that taste great,” she added.

WILD has more than 3,000 customers and is an expert in natural flavour systems (flavour and ingredients solutions), fruit juice concentrates and extracts, mint oils sweetening systems, seasonings, specialty ingredients, taste modifiers, and fermentation technologies.