ADM Adds to South American Ingredient Capabilities with Full Ownership Acquisition of Amazon Flavors
May 16 2016 - 11:45AM
Business Wire
Archer Daniels Midland Company (NYSE: ADM) announced today that
it has acquired full ownership of Amazon Flavors, a leading
Brazilian manufacturer of natural extracts, emulsions and
compounds. ADM had previously owned a 40 percent equity stake in
Amazon.
“Brazil is a key market as we continue to grow our ingredient
sales around the globe,” said Vince Macciocchi, president of ADM’s
WILD Flavors and Specialty Ingredients business unit. “Brazil is
the largest food and beverage market in South America, and we look
forward to working with the Amazon Flavors team to ensure that we
are the go-to source for Brazilian food and beverage
customers.”
With production facilities in Manaus and product development and
application laboratories in Manaus and São Paulo, Amazon Flavors
creates natural extracts derived from the guarana plant and açai
berries, as well as cola, energy and other compounds for the
Brazilian beverage market. The company has about 60 employees.
“WILD Flavors and Specialty Ingredients is continuing to deliver
shareholder value through strategic expansions and additions to our
product portfolio,” added Macciocchi. “From our majority stake in
Harvest Innovations, to our Eatem foods acquisition, to the
addition of SUPERB™ to our protein and fiber ingredient portfolio,
we are executing on our plan to build global ingredient and flavor
capabilities and offer our customers a full slate of customized
turnkey solutions. We are excited about these expansions, and we
continue to look for strategic opportunities to reach new markets
and offer new solutions for our customers.”
“This is yet another sign of our commitment to grow our already
substantial business in Brazil,” said Scott Fredericksen,
president, ADM South America. “From the expansion of our ports in
Santos and Barcarena, to the construction of our new protein
facility in Campo Grande, to this enhanced presence in the
Brazilian flavor industry, ADM continues to invest in Brazil.”
Forward-Looking Statements
Some of the above statements constitute forward-looking
statements. ADM’s filings with the SEC provide detailed information
on such statements and risks, and should be consulted along with
this release. To the extent permitted under applicable law, ADM
assumes no obligation to update any forward-looking statements.
About ADM
For more than a century, the people of Archer Daniels Midland
Company (NYSE: ADM) have transformed crops into products that serve
the vital needs of a growing world. Today, we’re one of the world’s
largest agricultural processors and food ingredient providers, with
more than 32,300 employees serving customers in more than 160
countries. With a global value chain that includes 428 crop
procurement locations, 280 ingredient manufacturing facilities, 39
innovation centers and the world’s premier crop transportation
network, we connect the harvest to the home, making products for
food, animal feed, industrial and energy uses. Learn more at
www.adm.com.
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Archer Daniels Midland CompanyMedia
RelationsJackie Anderson312-634-8484media@adm.com
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