CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) announced today that it has
acquired full ownership of Amazon Flavors, a leading Brazilian
manufacturer of natural extracts, emulsions and compounds. ADM had
previously owned a 40 percent 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,” added Macciocchi. “From our majority stake in
Harvest Innovations, to our Eatem foods acquisition, to the addition of
SUPERB™ to our protein and fiber ingredient portfolio, we are executing
on our plan to build global ingredient and flavor 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
“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 flavor industry, ADM continues to
invest in Brazil.”
Some of the above statements constitute forward-looking statements.
ADM’s filings with the SEC provide detailed information on such
statements and risks, and should be consulted along with this release.
To the extent permitted under applicable law, ADM assumes no obligation
to update any forward-looking statements.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with more than
32,300 employees serving customers in more than 160 countries. With a
global value chain that includes 428 crop procurement locations, 280
ingredient manufacturing facilities, 39 innovation centers and the
world’s premier crop transportation network, we connect the harvest to
the home, making products for food, animal feed, industrial and energy
uses. Learn more at www.adm.com.
Archer Daniels Midland Company