Archer Daniels Midland (ADM) to Buy WILD Flavors for $3.0B

Shares of Archer Daniels Midland Company (ADM) closed up +0.45 or +0.99 percent to $45.77 per share on Thursday, after the company was rumored to be in talks to acquire Swiss based WILD Flavors. This morning, the company formally announced the acquisition of WILD Flavors in a deal valued at over $3.0 billion.

Founded in 1902, Decatur, Illinois based Archer Daniels Midland is one of the world's largest food processors and commodity trading companies.
The company owns storage facilities and trucking and transportation companies and operates over 270 plants and 420 crop procurement installations around the globe. The company processes corn, wheat, cocoa, soybeans, sunflower seeds, cottonseed and other agricultural products into oils and other food products. In addition, ADM processes corn for the production of bioethanol and biodiesel fuels. Zug, Switzerland based WILD Flavors GmbH was founded in Heidelberg, Germany in 1931 and is owned by Hans-Peter Wild, chairman and son of the company's founder. WILD Flavors offers their customers full flavor and ingredient solutions in what are known as "flavor systems". The company also uses fruit juices and other ingredients such as mint oils and other extracts for sweetening systems, taste modifiers and other flavoring technologies. The company has over 3,000 customers worldwide and is expected to post revenues in excess of $1.3 billion in 2014. The deal, worth â

Published on Jul 7, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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