GLOBAL – ADM has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavour ingredients. The agreement comes shortly after ADM completed its addition of US -based citrus flavour provider Florida Chemical.
Vince Macciocchi, president of ADM’s Nutrition business, said, “Ziegler is highly respected as a cutting-edge leader in citrus, and we’re excited to welcome their outstanding leadership and talent to ADM. The combination of Ziegler and Florida Chemical will immediately position ADM for growth as a global leader in natural citrus ingredients, with a complete range of innovative citrus solutions and systems for food, beverage and fragrance customers.”
Founded in 1963, Ziegler uses proprietary cold concentration technologies to produce natural high-quality citrus oils, extracts, concentrates and compounds for flavour, food, and beverage industry customers, focusing on Europe, the US and Japan. The company is privately held and headquartered in Aufsess, in Southern Germany. ADM are one of the world’s largest food ingredient providers today, providing ingredients such as emulsifiers and sweetening solutions for the confectionery industry.
“Citrus is one of the fastest-growing, highest-demand flavours for food and beverages, which is why the creation of a global citrus platform offering a complete product line for our customers is such an important capability for our growth strategy,” Macciocchi continued. “We’re continuing the most ambitious portfolio transformation in our company’s long history, and as we build the world’s leading nutrition company, the beneficiaries will be our customers and our shareholders.”
The deal is expected to close near the end of 2019.