FDBusiness.com

Green Light For Acquisition of WILD Companies by Archer-Daniels-Midland Company

 Breaking News
  • EU Agri-food Exports are Holding Strong The value of EU agri-food exports reached €137.9 billion in 2017, corresponding to a sustained increase by 5.1% in value terms compared to 2016. Published by the European Commission, the latest monthly trade report details the export values for different sectors and origin. Major gains in annual values have been achieved in agri-food exports to the USA [...]...
  • Danone Continues to Make Solid Progress With Strong 2017 Results Danone has posted consolidated sales of €24.68 billion for 2017, up by 2.5% on a ‘like-for-like New Danone’ basis (reflecting the integration of the WhiteWave acquisition), including a 3.9% rise in value showing continued mix and value enhancement in all business sectors, which offset a 1.4% decline in volume. Full-year reported sales were up 12.5% [...]...
  • Nestlé Reports Weak Sales But Margins Improve Nestlé has reported a 0.4% increase in sales to SFr89.8 billion (€77.7 billion) for 2017. Net divestments reduced sales by 1.9%, largely related to the creation of the Froneri ice cream joint venture. Foreign exchange had a minimal negative impact of 0.1%. Organic growth was 2.4%, with 1.6% of real internal growth (RIG) and pricing [...]...
  • Customized Ingredient Solutions are the Way to More and Better Gluten-free Bakery DuPont Nutrition & Health has announced the results of a consumer survey where consumers in four key European markets were asked about their attitudes to gluten-free bakery products. The survey results have revealed untapped potential for bakers to develop more and better-quality products with extra nutritional benefits. While only an estimated 1 percent of the population [...]...
  • Leading Retailers Join the UK’s Big Plastics Debate Coca Cola, Co-Op, Asda, Marks & Spencer and Iceland will come together under one roof for the first time at Packaging Innovations 2018, to talk about the UK’s hottest topic – plastics in packaging. These leading brands will form a panel, as part of the show’s Big Plastics Debate, discussing the road ahead for packaging [...]...

Green Light For Acquisition of WILD Companies by Archer-Daniels-Midland Company

Green Light For Acquisition of WILD Companies by Archer-Daniels-Midland Company
September 24
10:28 2014

The European Commission has approved under the EU Merger Regulation the acquisition of WILD Flavors GmbH and the related company WILD Dairy Ingredients (WDI) by the Archer-Daniels-Midland Company, the US-based agricultural commodity trader and processor. WILD Flavors, which is headquartered in Switzerland, manufactures flavour systems used in the food and drink industries. WDI produces fruit-based preparations for use in dairy products, ice cream and bakery products.

The Commission concluded that the transaction would not raise competition concerns because the overlaps between the companies’ activities are limited. The transaction was examined under the simplified merger review procedure.

Archer-Daniels-Midland Company is acquiring WILD Flavors in an all-cash deal valued at €2.3 billion. ADM is paying €2.2 billion to WILD Flavors shareholders and assuming approximately €0.1 billion of net debt.

WILD Flavors, with more than 3,000 customers worldwide and estimated 2014 net revenues of about €1 billion, offers food and beverage companies full flavor and ingredient solutions — known as flavour systems — and fruit juice concentrates and blends, as well as other food and beverage ingredients, including natural flavours and extracts, mint oils and flavours, colours from natural sources, sweetening systems, seasonings, specialty ingredients, taste modifiers, and fermentation technologies.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements