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Chemical Week Magazine :: Newsbriefs
ADM to buy Wild Flavors for $3 billion
6:51 AM MDT | July 18, 2014
Archer Daniels Midland (ADM) is acquiring Wild Flavors (Zug, Switzerland) for an enterprise value of approximately â‚¬2.3 billion ($3.13 billion). ADM, in an all-cash transaction, will pay â‚¬2.2 billion to Wild Flavors shareholders Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts (KKR), and assume approximately â‚¬100 million of net debt. The acquisition, which is subject to regulatory approvals, is expected to close by year-end. â€œNatural flavor and ingredients are one of the largest and fastest-growing consumer trends in both developed and...
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