Business unit to incorporate WILD, ADM products

AFTER completing the acquisition of WILD Flavors GmbH, Archer Daniels Midland Company (ADM) said it would set up a new business unit called WILD Flavors and Specialty Ingredients.

“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.”

The business group, which opens in 1 January 2015, will incorporate existing WILD portfolio and ADM’s own product lines, which include specialty proteins (including isolated soy proteins, textured vegetable protein, soy protein concentrates, and soy flour & grits), emulsifiers, edible beans, natural health and nutrition (natural-source vitamin E, plant sterols, soy isoflavones and Omega-3 DHA), soluble fiber, polyols, and hydrocolloids.

Heading the new team is Greg Morris, ADM president, North American Oilseeds Processing in which he supervised oilseed crushing plants, and saw the creation of the company’s Foods & Wellness business.

Vince Macciocchi, WILD North American chief operating officer, has been appointed global president for WILD Flavors. At the same time, he will be responsible for designing the business unit’s go-to-market strategy and will partake in ADM initiatives, including the company’s innovation and customer excellence efforts.