Highlander Partners sells its portfolio company, FDL, to ADM

Fuerst Day Lawson Limited (FDL), a portfolio company of Highlander Partners, L.P., completed the previously announced sale to ADM, a premier global human and animal nutrition company.

Founded in 1884 and headquartered in London, FDL is a leading ingredient solutions provider, specialised in the rapid development, formulation and manufacture of natural taste and nutrition solutions for applications across multiple product types and global end-markets. It offers custom flavours, syrups and sauces, fruit preps, juices and juice blends, botanical extracts, bakery ingredients, energy and fortification blends and aroma chemicals, backed by deep applications development expertise. FDL serves a global customer base with a presence in Europe, US, and Asia.

Highlander Partners is a Dallas-based private investment firm with more than $3 billion in assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience.

Founded in 1902, ADM today is one of the world's largest agricultural supply chain managers and a premier human and animal nutrition provider, offering an unparalleled pantry of ingredients and solutions to meet customer needs for taste, texture, nutrition, and functionality.

Jeff L. Hull, President and CEO of Highlander and FDL board member, stated, "We believe that we accomplished an enormous amount during our ownership tenure and are very happy to see the FDL team become part of ADM, as the combination is a perfect fit and will allow this business to reach another level."

Rothschild & Co. served as financial advisor and DLA Piper UK LLP as legal counsel for FDL.