ADM Acquires Flavor Infusion International For Continued Growth in High-Value Flavor Segment

Chicago, IL (BUSINESS WIRE) — ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, today (Dec. 22) announced that it has acquired Flavor Infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean.

“We’re excited to open up new growth opportunities in Latin America and the Caribbean with the addition of FISA,” said Vince Macciocchi, president of ADM’s Nutrition business.

“Our Nutrition segment has been delivering profit growth of 15% to 20% a year, and our flavors business has been an important driver of that success, with annual sales growth of more than 10%.

"This acquisition represents another important bolt-on addition as we expand our capabilities in this high-value segment.”

ADM is adding an experienced and successful team of 60 colleagues who serve a growing list of food and beverage customers across Latin America and the Caribbean with a wide range of flavor ingredients and solutions from state-of-the-art manufacturing facilities in Panama and Colombia.

“I’m pleased to welcome the FISA team to ADM,” Macciocchi continued.

“They’ve built a great business, and we’re planning a seamless transition as we add our global capabilities to expand the range of products, service,s and solutions we can offer to existing and new customers in growing segments across Latin America and the Caribbean.

"We look forward to working together with our new colleagues as we continue to build the world’s leading nutrition company.”

Daniel DeClark, Chairman and CEO of FISA, said, “Having founded and owned numerous flavor operations for more than 50 years, I can confidently say that ADM is the ideal partner to carry on FISA’s legacy as a premier provider of flavor and specialty ingredient solutions to the beverage industry in Latin America and the Caribbean.

“FISA’s customers, as well as its employees, will benefit from ADM’s global presence, significant R&D capabilities and robust sales and marketing resources," DeClark added.

"Strategically, this transaction is a perfect fit for both parties. Congratulations to all involved!”

Related Articles:

ADM Lays Out Strategic Plan For Sustainable Earnings Growth, Including Target Milestone of $6.00-$7.00 EPS by 2025 and Continued Growth Beyond

NASDA Overcomes Pandemic Obstacles To Turn Caribbean and Latin American Buyers Mission Into Success

Africa Embracing Cassava Wheat Composite Flour