In an all-cash transaction valued at approximately €2.3bn enterprise value, ADM will pay €2.2bn to Wild Flavors shareholders Dr Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co, and assume approximately €0.1bn of net debt.
The transaction is contingent on regulatory approvals and is expected to close by year end.
“This acquisition expands ADM’s ability to serve customers’ evolving needs today and well into the future,” said ADM chairman and CEO Patricia Woertz. “Natural flavour and ingredients is one of the largest and fastest-growing consumer trends in both developed and emerging markets, and Wild Flavors is the world’s leading provider of natural flavour systems to the food and beverage industry.”
Source: Archer Daniels Midland
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