Market Overview

Archer Daniels Midland Rumored To Be Near Deal With Wild Flavors

Share:
Related ADM
ADM to Acquire Full Ownership of Black Sea Export Terminals
US Stock Futures Edge Lower Ahead Of Economic Data
Archer Daniels Midland's (ADM) CEO Juan Luciano on Q1 2015 Results - Earnings Call Transcript (Seeking Alpha)

Bloomberg reported Thursday morning citing people familiar with the matter as saying that U.S. food processor, Archer Daniels Midland (NYSE: ADM) is nearing a $3.4 billion deal with Switzerland-based Wild Flavors.

According to the source, Archer Daniels Midland outbid Ajinomoto Co., a Japanese-based competitor.

The acquisition of Wild Flavors, which had sales of 838 million euros in 2012, would help Archer Daniels Midland meet the growing demand for more natural ingredients used in its products, according to the article.

Currently, New York-based Kohlberg Kravis Roberts & Co. owns 35 percent of Wild Flavors with the rest belonging to Hans-Peter Wild.

Posted-In: BloombergNews Rumors M&A

 

Related Articles (ADM)

Around the Web, We're Loving...

Get Benzinga's Newsletters