ADM expands range of vanilla capabilities with agreement to acquire Rodelle
Acquisition includes equity stake in farmer cooperative in Madagascar, part of the most extensive vertically integrated supply chain in the vanilla industry
Archer Daniels Midland Company has announced that it has reached an agreement to acquire Rodelle Inc., a premium originator, processor and supplier of vanilla products.
Rodelle, founded in 1936 and based in Fort Collins, Colorado, originates, processes and sells premium vanilla products, including organic and traditional extracts, beans, alcohol-free flavor and paste. The company also sells non-vanilla products, including flavorings, extracts, spice blends and organic spices. Rodelle provides ingredient solutions to major food and beverage makers, as well as directly to consumers, with a premium retail brand that can be found in the baking aisle of most grocery stores in North America. The company’s sales last year were approximately $40 million.