ADM is set to acquire specialist vanilla ingredient producer, supplier and processor Rodelle for an undisclosed sum.
Colorado-based Rodelle produces an extensive range of premium vanilla products such as organic and traditional vanilla extracts, as well as non-vanilla ingredients such as spice blends for a range of major food and beverage manufacturers.
ADM will acquire a stake in a vanilla farming co-operative Federation Sahanala Vanille, which was co-founded by Rodelle, as part of the deal, and ADM claims that the co-operative “is capable of producing industry-leading volumes of certified organic vanilla.”
The company will also acquire Rodelle’s 65,000-square-foot extraction and processing facility in Fort Collins, and ADM expects that the deal should be completed by the third quarter if it receives regulatory approval.
Scott Olstad, president of ADM’s North American WILD Flavors division said: “With the acquisition of Rodelle, we are continuing to grow our value chain by enhancing what is already one of the most comprehensive portfolios in the flavour industry.
“Not only is vanilla one of the most popular and enduring flavours, but Rodelle’s integrated supply chain will allow us to offer an unparalleled range of certified organic and natural vanilla ingredients for today’s health-conscious consumers.
“The addition of Rodelle will give us immediate capabilities in both the retail and commercial vanilla markets, and we see significant opportunities to expand the business. We’re looking forward to working with the great Rodelle team to help build on their impressive success.”
Vince Macciocchi, ADM’s senior vice-president and president of Nutrition added: “Rodelle will be a key part of our integrated human and animal Nutrition business — a business that we are focused on growing.
“Earlier this summer, we announced two important additions to our Nutrition business unit: Neovia, a global leader in value-added animal nutrition products, and Probiotics International Limited, a UK-based provider of probiotic supplements for human, pet and production animal use.
“With these and other transactions, we are strengthening our position as the go-to provider for nutrition customers around the globe, and we are excited about the benefits for customers and shareholders alike.”
Joe Basta, Rodelle co-founder said: “We are extremely excited to have reached this agreement, and look forward to joining the ADM team and contributing Rodelle’s expertise in vanilla products to another well-established flavouring industry company.
“The Rodelle brand and our loyal customers will benefit greatly from ADM’s technical expertise and commercial capabilities.
“The core of our business will remain unchanged, and our customers can expect the high-quality vanilla and baking ingredients they have relied on for over 80 years.”
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