German flavours company Wild has completed the acquisition of Cargill’s global juice cold blends and compounds business after receiving all necessary antitrust approvals.
The acquisition, which was first announced in April, is a key step in the Wild’s global growth strategy and strengthens its position as the leading natural ingredients company for the food and beverage industry.
The acquisition adds three production and storage facilities with direct sea access in Japan, the Netherlands and the United States to Wild Flavors’ existing operations. WILD said that this differentiated and integrated supply chain is an essential asset to meet growing demand for fruit juices in these geographical areas.
“Combining our expertise with the capabilities of the newly acquired business enables Wild to offer the most complete product portfolio in the global juice business,” said Michael H. Ponder, CEO of WILD Flavors. “This further supports Wild Flavors’ unique market position as the truly single source of supply for all of the natural ingredients our customers need to produce a high-quality, finished beverage product.”