ADM completes FCC acquisition, adding high-value citrus capabilities to support growth of its nutrition portfolio
Archer Daniels Midland Company (NYSE: ADM) has announced that it has completed its acquisition of Florida Chemical Company, one of the world’s largest natural citrus oils and ingredients manufacturers.
“Citrus is a key flavor for the beverage industry, and one of the essential flavors—along with vanilla and mint—in any complete solution portfolio for today’s evolving consumer needs,” said Vince Macciocchi, ADM senior vice president and president, Nutrition. “By adding industry-leading citrus capabilities to ADM’s already best-in-class portfolio of natural, clean-label ingredients, we can now provide one-stop shopping for essential flavors as well as an unparalleled array of other innovative food and beverage products, solutions and systems. And it’s all supported by our unmatched R&D capabilities, our global logistics network, and our steadfast commitment to the very best customer service.”
With the completion of the transaction, ADM further strengthens its capabilities to support its customers with citrus flavor by adding capabilities for manufacturing high-value flavor ingredients across all citrus varieties for flavor, fragrance and consumer products. Products include:
- Individual citrus flavor materials and essential oils, including customized flavor blends;
- Flavor enhancers for grapefruit and other citrus; and
- Citrus flavor modifiers specifically targeted to improve the quality and taste of food and beverages sweetened with natural or artificial sweeteners.
“FCC, a pioneer in the citrus flavor industry, grew into one of the largest producers in the world, creating 100 percent natural flavor ingredients for a wide range of food and beverage applications,” said Josh Snively, ADM’s president, Global Citrus. “Now, we are combining FCC’s 75-year heritage and deep understanding and expertise of the science and business of citrus with ADM’s extensive global resources to offer an even wider array of products, solutions and systems to more customers around the world.”