ADM expands range of vanilla capabilities with agreement to acquire Rodelle
The acquisition includes an equity stake in a farmer cooperative in Madagascar, part of the most extensive vertically integrated supply chain in the vanilla industry.
Archer Daniels Midland Co. (ADM), Chicago, said it reached an agreement to acquire Rodelle Inc., Fort Collins, Colo., an originator, processor and supplier of vanilla products.
Rodelle’s supply chain is unique among major vanilla processors, ADM said. In Madagascar, the company owns a stake in Federation Sahanala Vanille — a joint venture between Rodelle and a partnership of local associations that now includes more than 2,100 registered vanilla farmers — and is capable of producing large volumes of certified organic vanilla. Rodelle also has a strategic partnership with Gourmet Gardens, providing sourcing of vanilla in Uganda.