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ADM to Acquire UK-based FDL Ingredients Manufacturer

ADM to Acquire UK-based FDL Ingredients Manufacturer acquisition, Legal, Operations Food and Beverage Business

ADM has agreed to acquire UK ingredients manufacturer FDL. The agreement was reached this month with ADM intending to complete the transaction by January 2024.

FDL, which operates three production facilities and two customer innovation centres in the UK, is projected to end 2023 with approximately $120m (£95m) in sales. The firm employs 235 staff members, including 40 innovation specialists. To date, FDL has developed more than 10,000 proprietary flavour formulations and works with food and beverage customers across multiple channels.

Meanwhile, ADM, which operates innovation centres in Europe, Asia, Latin America, and North America, has acquired multiple firms in the flavour and ingredients industry since 2014. The company’s ongoing investments aim to expand its flavor portfolio and build a global leader in nutrition.

“FDL’s innovative and agile formulation knowledge, deep end-use applications expertise, and strong customer base make them a great addition to ADM’s global flavor capabilities,” said Calvin McEvoy, ADM President of Global Flavors. “We are incredibly impressed by the FDL team, and we believe both companies will benefit from each other as we work to expand our reach in key channels, particularly foodservice.”

Eric Beatty, FDL chief executive, added: “We are excited to enter into this agreement with ADM. They’re an ideal partner for us, with global nutrition and flavor capabilities that will provide new opportunities to strengthen FDL’s portfolio of taste and nutrition solutions. In turn, the FDL team looks forward to helping add to ADM’s broad offerings with our diverse portfolio of flavor and functional ingredient systems, IP, and capabilities, as well as the entrepreneurial spirit and innovativeness of human talent that has enabled FDL to become a differentiated market leader today. ADM is synonymous with the best in animal and human nutrition, and together, we look forward to delivering new and innovative ingredient solutions to our global customer base in the food and beverage industry.”

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