ADM to acquire citrus flavours and fragrances company

14 Jan 2019

ADM is to acquire Florida Chemical Company (FCC), a division of Flotek Industries specializing in citrus-based flavours and fragrances. The deal is expected to close this quarter.

ADM to acquire citrus flavours and fragrances company

ADM is to acquire Florida Chemical Company (FCC), a division of Flotek Industries specializing in citrus-based flavours and fragrances.

“ADM is already a leader in natural flavours for food and beverages, offering a wide variety of high-value products and solutions in areas such as vanilla and mint, and this acquisition will place us in a leadership position for citrus flavours as well,” said Vince Macciocchi, president of ADM’s Nutrition business unit. “Citrus is one of the fastest-growing flavour categories, and the single most important taste profile for beverages, and no one in North America does citrus better than Florida Chemical Company.”

Founded in 1942, FCC has provided customers with citrus ingredients for more than three quarters of a century. Based in Winter Haven, Florida, the company produces a wide range of high-value citrus flavour ingredients, specialty terpenes and formulated products primarily for the flavour, fragrance and consumer products markets.

“With the acquisition of WILD in 2014, ADM began the journey to become the world’s leading nutrition company,” Macciocchi continued. “Starting with the foundation of a leading global flavour company and our specialty ingredients portfolio, we’ve vastly expanded our capabilities with additions like the savory flavours of Eatem Foods, the plant proteins from Harvest Innovations, probiotics from Biopolis and Protexin, and Rodelle’s premium vanilla ingredients. The result is great for our customers and our shareholders: No other company in the world can match the expertise, innovation, products and solutions of ADM – and we’re still growing.”

“ADM has long been an admired industry innovator whose global nutrition portfolio capabilities are second-to-none. Florida Chemical’s citrus expertise, together with our combined leadership in research and development, will allow us to strategically accelerate and expand our diverse offering to a wide and growing customer base. Additionally, I am pleased that we will continue our strong relationship with Flotek through both a long-term supply agreement and through the joint pursuit of next-generation chemistry technologies for the energy and agriculture industries,” said Josh Snively, President of Florida Chemical and Flotek’s Executive Vice President of Operations.

The deal, which requires regulatory approval, is expected to close in the first quarter of 2019. When the transaction is complete, FCC’s approximately 75 employees will transfer to ADM.

Companies mentioned

Related categories

Related tags

Natural

Related news

Frutarom gets organic certification for annatto colour

Frutarom gets organic certification for annatto colour

13 Feb 2019

With consumer demand for fair trade, sustainable and organic products growing fast, Frutarom Natural Solutions, a division of IFF, has received organic certification for its natural annatto colour.

Read more 
Symrise acquires natural nutrition ingredient provider

Symrise acquires natural nutrition ingredient provider

7 Feb 2019

Symrise has signed a purchase agreement with the owners of natural nutrition ingredient provider ADF/IDF regarding the acquisition of their business.

Read more 
Kemin launches solution to keep meat products safe and fresh

Kemin launches solution to keep meat products safe and fresh

4 Feb 2019

food safety solutions company Kemin Industries has launched NaturCEASE Dry, a clean-label combination of buffered vinegar and natural plant extracts developed to keep processed meat products safe and fresh.

Read more 
Award-winning startup uses enzymes to cut sugar in fruit juice

Award-winning startup uses enzymes to cut sugar in fruit juice

31 Jan 2019

Fruit juice has come under fire for its high sugar content in recent years, but an Israeli startup called Better Juice has developed an enzyme technology that cuts sugars by up to 80% without adding or subtracting anything from the juice.

Read more 
IFIC: American consumers care about food origin

IFIC: American consumers care about food origin

16 Jan 2019

Consumers crave a deeper understanding of what they are eating, and want to learn more about the origins of their food and its entire journey from farm to fork, according to the International Food Information Council (IFIC) Foundation.

Read more 
Research: grain bran could replace synthetic antioxidants

Research: grain bran could replace synthetic antioxidants

11 Jan 2019

A natural antioxidant found in grain bran could preserve food longer and replace synthetic antioxidants currently used by the food industry, according to researchers at Penn State.

Read more 
Landec portfolio now 100% clean

Landec portfolio now 100% clean

8 Jan 2019

Landec has announced that the entire portfolio of its Eat Smart branded products now contains only 100% clean ingredients, including all salad dressings, toppings, sauces and dips.

Read more 
Corbion completes powdered vinegar facility

Corbion completes powdered vinegar facility

8 Jan 2019

Corbion has completed construction for in-house production of the powdered vinegar component on which the company says it has based numerous sustainable, clean-label solutions for food applications.

Read more 
GNT: yellows and oranges in 2019

GNT: yellows and oranges in 2019

3 Jan 2019

The sunshine spectrum – bright yellow through to deep orange – will stimulate colourful food and beverage development in 2019 as consumers seek out products that inspire upbeat, positive emotions and unite people with a feeling of joy, according to GNT...

Read more 
Corbion joins NASPON

Corbion joins NASPON

18 Dec 2018

Corbion has signed on as a member of the North American Sustainable Palm Oil Network (NASPON), through which major industry players in the region are collaborating to create a greener palm oil supply chain.

Read more