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ADM to acquire dairy flavour producer Revela Foods
FoodBev Media

FoodBev Media

19 December 2023

ADM to acquire dairy flavour producer Revela Foods

ADM has agreed to acquire US dairy flavour manufacturer Revela Foods for an undisclosed sum. Revela specialises in clean label dairy flavour formulations using enzyme technology. With approximately 400 employees, Revela operates three production facilities in the US Midwest, catering to various applications such as snacks, frozen meals, sauces, dressings, soups, seasonings and desserts. Revela is expected to achieve nearly $240 million in sales in 2023. The acquisition will add new capabilities to ADM's global dairy flavours sector and the savoury flavours segment. Calvin McEvoy, ADM’s president of global flavours, said: “Revela has built a strong business around its unique range of dairy flavour ingredients and solutions for customers spanning major brands, retailers and foodservice". "ADM has a strong presence in the North America savoury flavours segment, and we’re excited to work with the impressive Revela team to expand our opportunities there, bringing their technology and innovation together with our global capabilities to power our unparalleled range of ingredients and complete solutions for customers who are looking for great flavours and clean labels.” Terry Schneider, Revela’s chief executive officer, commented: “We are excited to partner with ADM to further Revela’s reputation as an innovative, turnkey provider of dairy flavour ingredients and solutions. We believe joining the ADM family will allow us to offer even broader solutions to our customers and will provide our employees with even greater opportunities for advancement.” Ian Pinner, president of ADM’s nutrition business, added: “ADM’s integrated business model and unparalleled production and product application expertise power a portfolio of customisable, complete nutrition solutions that no other company can match. Our flavours business is an important pillar of our Nutrition growth strategy, and we are continuing to add to our flavours pantry to ensure we remain the partner of choice for customers around the globe.” Completion of the acquisition is subject to customary closing conditions upon and regulatory approvals. ADM aims to complete the transaction in early 2024.

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