ADM To Acquire UK-based FDL For Undisclosed Terms

RTTNews | 324 days ago
Stocktwits
ADM To Acquire UK-based FDL For Undisclosed Terms

(RTTNews) - Food processing company Archer-Daniels-Midland Co. or ADM (ADM) announced Tuesday that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems.

FDL, with $120 million in projected 2023 sales, offers significant innovation capabilities along with strong presence in the $900 billion European foodservice channel.

ADM is continuing to add to its broad portfolio of flavor ingredients and solutions as it builds a global leader in nutrition.

Since acquiring WILD Flavors in 2014, ADM has added multiple new offerings to its flavors portfolio through acquisitions. The company has also expanded its flavors capabilities globally with acquisitions and its growing network of innovation centers spanning Europe, Asia, Latin America and North America.

The acquisition is subject to customary closing conditions. ADM intends to complete the transaction by end of January 2024.

Tags: ADM
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ADM Animal Nutrition Expands Recall Of Feed Products

ADM Animal Nutrition Expands Recall Of Feed Products

ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include additional lots of various feed products citing elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus. These elevated levels may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine.
RTTNews | 149 days ago
Commodity Currencies Gain On Upbeat China Trade Data

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The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday, after data showed that China's exports expanded the most in more than two years in October, while imports declined at a sharper-than-expected pace due to weaker domestic demand.
RTTNews | 5h 21min ago
CAC 40 Slightly Higher Ahead Of BoE, Fed Decisions

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French stocks were slightly higher on Thursday ahead of interest-rate decisions from the Bank of England and the U.S. Federal Reserve later in the day, with both the central banks expected to cut rates by 25 basis points.
RTTNews | 5h 30min ago
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