Wild Flavors buys ingredients firm A.M. Todd
16 September 2011 | News | Source: Wild Flavors, Inc
US food ingredients Wild Flavors has acquired US flavours and ingredients firm A.M. Todd.
Wild announced the acquisition, which was agreed for an undisclosed sum, earlier this week.
A.M. Todd is based in the US state of Michigan and has additional locations in India and Europe. It supplies mint flavours and ingredients.
"Wild and A.M. Todd are a natural fit, as both traditionally focus on natural products," a spokesperson for the Wild Flavors told just-food today (16 September).
Wild said it would be able to "facilitate enhanced growth for its customer base" with new business lines while also allowing for expansion into new markets and channels, the company said.
"Wild has experienced tremendous success in responding to its customers' needs and market requirements with innovation, creative product development, growing technological advancements, dependable supply chain interaction, and key customer focus," Dr. Erik Donhowe, COO of Wild Flavors' North American operations, said.
"This transaction allows for further growth and leadership in creative product development resulting in great tasting products for the food and beverage industry," Donhowe added.
The completion of the deal is scheduled for 31 October once approved by the shareholders of A.M. Todd.