ADM broadens global flavours capabilities with agreement to acquire UK-based FDL
ADM, a global leader in human and animal nutrition, announced that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavour and functional ingredient systems.
FDL, with USD 120 million in projected 2023 sales, offers significant innovation capabilities along with strong presence in USD 900 billion European foodservice channel
ADM, a global leader in human and animal nutrition, announced that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavour and functional ingredient systems.
FDL, with projected 2023 sales of approximately USD 120 million, operates three production facilities and two customer innovation centers, all in the United Kingdom. The company’s approximately 235 colleagues, which include about 40 dedicated innovation specialists, have created more than 10,000 proprietary flavour formulations that enable accelerated speed to market. FDL’s customers span channels, and include a significant presence in the USD 900 billion European foodservice segment.
ADM is continuing to add to its broad portfolio of flavour ingredients and solutions as it builds a global leader in nutrition. Since acquiring WILD Flavors in 2014, ADM has added multiple new offerings to its flavours portfolio through acquisitions, including dairy via yesterday’s announcement of Revela Foods; savory via Eatem Foods; citrus via Florida Chemical Company and Erich Ziegler Citrus; and vanilla via Rodelle. The company has also expanded its flavours capabilities globally with acquisitions like Flavor Infusion South America; organic investments like its Pinghu, China, flavour production facility and the expansion of its Berlin flavour facility; and its growing network of innovation centers spanning Europe, Asia, Latin America and North America.
The acquisition is subject to customary closing conditions. ADM intends to complete the transaction by end of January 2024.