ADM completes acquisition of Wild Flavors
Archer Daniels Midland Company (ADM) has announced that it has completed the acquisition of Wild Flavors GmbH. ADM will form a new business unit, Wild Flavors and Specialty Ingredients, which will include the WILD business as well as the following ADM product lines: Specialty proteins (including isolated soy proteins, textured vegetable protein, soy protein concentrates, and soy flour & grits), emulsifiers, edible beans, natural health and nutrition (natural-‐source vitamin E, plant sterols, soy isoflavones and Omega-‐ 3 DHA), soluble fiber, polyols and hydrocolloids.
The new business unit will be a reportable segment beginning Jan. 1, 2015. Greg Morris will be president of the Wild Flavors and Specialty Ingredients business unit. He most recently was ADM’s president, North American Oilseeds Processing. Wild North American Chief Operating Officer Vince Macciocchi has been named global president, Wild Flavors. In addition to leading the Wild Flavors business worldwide, Macciocchi will be responsible for designing the new business unit’s go-‐to-‐market strategy and will play a key role in several ADM initiatives, including the company’s innovation and customer excellence efforts. Mike Ponder, Wild’s chief executive officer, has announced his retirement and will join former majority owner Dr. Hans-‐Peter Wild on an advisory board for the business.