Regions :: Western Europe
Archer Daniels Midland to buy Wild Flavors for $3 billion
2:34 PM MDT | July 10, 2014 | Natasha Alperowicz
Archer Daniels Midland (ADM) today announced that it is acquiring Wild Flavors GmbH (Zug, Switzerland), for an enterprise value of approximately €2.3 billion ($3.13 billion). In an all-cash transaction, ADM will pay €2.2 billion to Wild Flavors shareholders Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts (KKR), and assume approximately €100 million of net debt. The acquisition, which is subject to regulatory approvals, is expected to close by year end. “This acquisition expands ADM’s ability to serve...
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