Archer Daniels Midland Co. (ADM), Decatur, IL, is acquiring WILD Flavors GmbH, enabling ADM to offer food and beverage companies a comprehensive suite of systems to enhance and improve their products.
In an all-cash transaction valued at approximately 2.3 billion euros ($3 billion) enterprise value, ADM will pay 2.2 billion euros to WILD Flavors shareholders Dr. Hans-Peter Wild and funds affiliated with Kohlberg Kravis Roberts & Co. LP, and assume approximately 0.1 billion euros of net debt. The transaction is contingent on regulatory approvals and is expected to close by year end.