CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) announced today that it has
reached an agreement to acquire the Ziegler Group, a leading European
provider of natural citrus flavor ingredients. The agreement comes
shortly after ADM completed its addition of U.S.-based citrus flavor
provider Florida Chemical.
“Citrus is one of the fastest-growing, highest-demand flavors for food
and beverages, which is why the creation of a global citrus platform
offering a complete product line for our customers is such an important
capability for our growth strategy”
“Ziegler is highly respected as a cutting-edge leader in citrus, and
we’re excited to welcome their outstanding leadership and talent to
ADM,” said Vince Macciocchi, president of ADM’s Nutrition business. “The
combination of Ziegler and Florida Chemical will immediately position
ADM for growth as a global leader in natural citrus ingredients, with a
complete range of innovative citrus solutions and systems for food,
beverage and fragrance customers.”
Founded in 1963, Ziegler uses proprietary cold concentration
technologies to produce natural high-quality citrus oils, extracts,
concentrates and compounds for flavor, food, and beverage industry
customers, focusing on Europe, the U.S. and Japan. The company is
privately held and headquartered in Aufsess, in southern Germany.
“We are delighted that we found a strong home at ADM where both our
business and our people can grow,” said Günter Ziegler. “The integration
of more than 50 years of citrus expertise into the ADM group will secure
our top priority: successful long-term growth for our business and our
employees. Our family members will be staying with the company to help
ensure a smooth transition. We’re excited to join ADM and strongly
believe that the combination of our technology and citrus capabilities,
coupled with the portfolio of ingredients and global reach of ADM, will
accelerate growth opportunities while creating benefits for our
customers.”
“Citrus is one of the fastest-growing, highest-demand flavors for food
and beverages, which is why the creation of a global citrus platform
offering a complete product line for our customers is such an important
capability for our growth strategy,” Macciocchi continued. “We’re
continuing the most ambitious portfolio transformation in our company’s
long history, and as we build the world’s leading nutrition company, the
beneficiaries will be our customers and our shareholders.”
The deal, which is subject to regulatory approval, is expected to close
in the second quarter of 2019.
Forward-Looking Statements
Some of the above statements constitute forward-looking statements.
ADM’s filings with the SEC provide detailed information on such
statements and risks, and should be consulted along with this release.
To the extent permitted under applicable law, ADM assumes no obligation
to update any forward-looking statements.
About ADM Nutrition
ADM is a world-leading nutrition company with the widest range of
specialty ingredients, blends, systems and experience. We move customers
from concept to launch faster with sustainable, differentiated products
that address their evolving needs. ADM helps our customers create
consumer-preferred nutritional solutions through our on-trend and
customizable portfolio of natural flavors and colors; an unmatched range
of plant-based proteins; industry-leading, science-backed bioactives; as
well as specialty ingredients such as hydrocolloids, lecithin, Omega-3
solutions, probiotics, polyols, texturants, soluble fibers and much
more. Our talented team also provides consumer insights and
intelligence; sensory expertise; culinary creativity; and full
product-development services.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. At the end of 2018, we were one of the world’s
largest agricultural processors and food ingredient providers, with
approximately 32,000 employees serving customers in more than 170
countries. With a global value chain that includes approximately 450
crop procurement locations, 270 food and feed ingredient manufacturing
facilities, 46 innovation centers and the world’s premier crop
transportation network, we connect the harvest to the home, making
products for food, animal feed, industrial and energy uses. Learn more
at www.adm.com.
