$3.1 billion acquisition will add flavor systems to ADM’s portfolio of specialty ingredients
Archer Daniels Midland Co. (ADM), Decatur, Ill., announced its plans to acquire Wild Flavors GmbH, Zug, Switzerland, giving ADM the ability to offer food and beverage companies a comprehensive suite of systems to enhance and improve their products, the company says.
In an all-cash transaction valued at more than $3.1 billion enterprise value, ADM will pay nearly $3 billion to Wild Flavors shareholders Dr. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. L.P., and assume approximately $100 million of net debt. The transaction is contingent upon regulatory approvals and is expected to close by the end of the year.