ADM has completed the acquisition of WILD Flavor.
“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.”
ADM will form a new business unit, WILD Flavors and Specialty Ingredients, which will include the WILD business as well as ADM product lines including specialty proteins (such as isolated soy proteins, textured vegetable protein, soy protein concentrates, and soy flour and grits), emulsifiers, edible beans, natural health and nutrition (natural-source vitamin E, plant sterols, soy isoflavones and Omega-3 docosahexaenoic acid), soluble fiber, polyols and hydrocolloids.
The new business unit will be a reportable segment beginning Jan. 1, 2015.