Swiss natural ingredients company WILD Flavors has entered into an agreement to purchase Cargill's global juice cold blends and compounds business for an undisclosed amount.
Swiss natural ingredients company WILD Flavors has entered into an agreement to purchase Cargill’s global juice cold blends and compounds business for an undisclosed amount.
The new acquisition is believed to fortify WILD’s position in the market as a top natural ingredients company for the food and beverage industry.
The deal will also provide the Swiss company with about $200m additional annual sales, as well as three ocean-access tank farms in the strategic growth areas of Asia, Europe and North America.
However, the transaction is subject to antitrust approvals.
Cargill’s global juice cold blends and compounds business provides juice blends and compounds for high-fruit content beverages as well as juice concentrates.
It has a network of production, and tank and storage facilities located in Amsterdam, the Netherlands, Port Elizabeth in the US and at Chiba and Kashima in Japan.
According to WILD Flavors, these locations of Cargill will act as essential assets to support its global growth strategy.
WILD Flavors CEO Michael Ponder said this acquisition is a key step to continually grow a differentiated and integrated supply chain for juices to the benefit of the customers.
"Cargill’s business will provide improved raw material access while strengthening our existing juice capabilities," Ponder said.
"By broadening our product offering and by providing a truly global supply chain, our customers will profit from WILD Flavor’s unique full-solution approach as the single source of supply for every ingredient needed to produce a high-quality, finished beverage product," Ponder added.
In November last year, WILD Flavors has announced the acquisition of certain assets of AM Todd Ingredients | Flavors, to expand its portfolio of natural flavors and ingredients.
Based in Kalamazoo, Michigan, AM Todd is a global provider of natural mint oils and flavors, with sales that total more than $100m.