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ADM reaches agreement to acquire ingredients developer FDL

ADM has reached an agreement to acquire FDL, a UK-based developer and producer of flavour and functional ingredient systems. The acquisition enables ADM to expand its range of flavours and functional ingredients, concurrently enhancing FDL's portfolio of taste and nutritional solutions. FDL operates three production facilities and two customer innovation centres, all in the UK. The company has created more than 10,000 distinct flavour compositions, facilitating rapid entry into the market and strengthening its footprint in the European foodservice sector. Calvin McEvoy, president of global flavours at ADM, said: “Our ongoing investments to add to our flavours portfolio are helping power our strategic work to build a global leader in nutrition. FDL’s innovative and agile formulation knowledge, deep end-use applications expertise and strong customer base make them a great addition to ADM’s global flavour capabilities." He continued: "We are incredibly impressed by the FDL team, and we believe both companies will benefit from each other as we work to expand our reach in key channels, particularly foodservice”. Eric Beatty, CEO of FDL, added: “We are excited to enter into this agreement with ADM. They’re an ideal partner for us, with global nutrition and flavour capabilities that will provide new opportunities to strengthen FDL’s portfolio of taste and nutrition solutions". "In turn, the FDL team looks forward to helping add to ADM’s broad offerings with our diverse portfolio of flavour and functional ingredient systems, IP and capabilities, as well as the entrepreneurial spirit and innovativeness of human talent that has enabled FDL to become a differentiated market leader today.” Since 2015, ADM has acquired several companies as part of an expansion of its flavour portfolio, including Revela Foods (dairy); Eatem Foods (savoury), Florida Chemical Company (citrus) and Rodelle (vanilla), as well as its flavour capabilities with acquisitions such as Flavor Infusion South America. The company has increased its flavour capabilities by expanding its network of innovation centres across Europe, Asia, Latin America and North America. It also made organic investments such as in its Pinghu, China, flavour production facility. The transaction is expected to be completed by the end of January 2024.

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