ADM reaches agreement to acquire Florida Chemical Co.
The deal will help ADM expand citrus flavor capabilities.
Archer Daniels Midland Company (ADM), a Chicago-based food processing and food ingredient provider, announced that it will acquire Florida Chemical Co. (FCC), a division of Flotek Industries that specializes in citrus-based flavors and fragrances and is one of the world’s largest providers of citrus oils and ingredients.
“Citrus is one of the fastest-growing flavor categories and the single most important taste profile for beverages,” said Vince Macciocchi, president of ADM’s nutrition business unit. “ADM is already a leader in natural flavors for food and beverages, offering a wide variety of high-value products and solutions in areas such as vanilla and mint, and this acquisition will place us in a leadership position for citrus flavors as well.”