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ADM completes Amazon Flavors acquisition
17 May 2016ADM has acquired full ownership of Amazon Flavors, a Brazilian manufacturer of natural extracts, emulsions and compounds. ADM had previously owned a 40% equity stake in Amazon.
ADM has acquired full ownership of Amazon Flavors, a Brazilian manufacturer of natural extracts, emulsions and compounds. ADM had previously owned a 40% equity stake in Amazon.
“Brazil is a key market as we continue to grow our ingredient sales around the globe,” said Vince Macciocchi, president of ADM’s WILD Flavors and Specialty Ingredients business unit. “Brazil is the largest food and beverage market in South America, and we look forward to working with the Amazon Flavors team to ensure that we are the go-to source for Brazilian food and beverage customers.”With production facilities in Manaus and product development and application laboratories in Manaus and São Paulo, Amazon Flavors creates natural extracts derived from the guarana plant and açai berries, as well as cola, energy and other compounds for the Brazilian beverage market. The company has about 60 employees.“WILD Flavors and Specialty Ingredients is continuing to deliver shareholder value through strategic expansions and additions to our product portfolio,” said Macciocchi. “From our majority stake in Harvest Innovations, to our Eatem foods acquisition, to the addition of SUPERB to our protein and fibre ingredient portfolio, we are executing on our plan to build global ingredient and flavour capabilities and offer our customers a full slate of customized turnkey solutions. We are excited about these expansions, and we continue to look for strategic opportunities to reach new markets and offer new solutions for our customers.”“This is yet another sign of our commitment to grow our already substantial business in Brazil,” said Scott Fredericksen, president, ADM South America. “From the expansion of our ports in Santos and Barcarena, to the construction of our new protein facility in Campo Grande, to this enhanced presence in the Brazilian flavour industry, ADM continues to invest in Brazil.”Related news
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