Reuters – Global grains merchant Archer-Daniels-Midland said Dec. 18 that it will acquire American company Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavour ingredients and solutions.
The move will bolster the company’s flavours portfolio, ADM said. It has been diversifying its traditional grain handling business into flavours and nutrition foods over the years.
“Our flavours business is an important pillar of our nutrition growth strategy, and we are continuing to add to our flavours pantry to ensure we remain the partner of choice for customers around the globe,” said Ian Pinner, president of ADM’s nutrition business.
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The company said that, with Revela’s projected sales of almost $240 million in 2023, it would add new capabilities to ADM’s global flavours portfolio in the $1.8-billion global dairy flavours segment.
The deal is expected to close in early 2024.
