WILD employs about 400 in Kentucky
ERLANGER, Ky. (Aug. 8, 2014) — Food and commodities giant Archer Daniels Midland has acquired WILD Flavors in a $3 billion deal.
WILD, a Swiss company that employs about 400 at its U.S. headquarters and production facility in Erlanger, specializes in food and beverage flavorings and ingredients. The company has more than 3,000 customers worldwide and an estimated 2014 net revenues of approximately $1.4 billion.
ADM Chair and CEO Patricia Woertz said the acquisition creates one of the leading flavor and specialty ingredient companies in the world, with sales approaching $2.5 billion “and significant room to grow.”
Woertz said ADM will establish a new business unit called WILD Flavors and Specialty Ingredients.
Add Comment