UK (Commonwealth) _ ADM has announced a deal to buy FDL, a leading creator and producer of premium flavor and functional ingredient solutions located in the United Kingdom. FDL maintains three production sites and two client innovation centers in the United Kingdom, with estimated revenues of roughly $120 million in 2023.
Fuerst Day Lawson Limited (FDL) entered into the final agreement to sell all of its outstanding shares to ADM, the leading worldwide human and animal nutrition company based in USA.
ADM says that FDL’s roughly 235 colleagues, including around 40 dedicated innovation experts, have generated over 10,000 patented flavor formulas, allowing for a faster time to market. FDL’s clients cover all channels, with a strong presence in the $900 billion European foodservice market.
FDL, founded in 1884 and based in London, is a leading ingredient solutions supplier specializing in the quick research, formulation, and production of natural flavor and nutrition solutions for a wide range of product types and worldwide end-markets. Custom flavors, syrups and sauces, fruit preps, juices and juice blends, botanical extracts, baking ingredients, energy and fortification mixes, and scent compounds are all available, supported by extensive application development knowledge.
FDL services a global customer base and has offices in Europe, the United States, and Asia. The deal is subject to the usual closing conditions. ADM, which was founded in 1902, is now one of the world’s major agricultural supply chain managers and a leading producer of human and animal nutrition, with an unrivaled larder of ingredients and solutions to fulfill client expectations for taste, texture, nutrition, and usefulness.
ADM has dramatically extended its taste capabilities in recent years, beginning with the acquisition of WILD Flavors in 2014.ADM has since added many more flavors to its portfolio through acquisitions, including savory from Eatem Foods, citrus from Florida Chemical Company and Erich Ziegler Citrus, and vanilla from Rodelle.
The Company has also grown its taste capabilities abroad through acquisitions such as taste Infusion South America, organic investments such as its flavor manufacturing plant in Pinghu, China, and the development of its Berlin flavor facility with its expanding network of innovation hubs across Europe, Asia, Latin America, and North America.
FDL CEO Eric Beatty expressed his excitement about the collaboration with ADM. They’re a great partner for us, with worldwide nutrition and flavor skills that will expand FDL’s offering of taste and nutrition solutions. In turn, the FDL team is excited to contribute to ADM’s broad portfolio of flavor and functional ingredient systems, IP, and capabilities, in addition to the entrepreneurial drive and creativity of human skills that has enabled FDL to become a differentiated market leader today.
ADM is recognized as excellence in both animal and human nutrition, and we are excited to provide fresh and creative ingredient solutions to our worldwide food and beverage customer base.
FDL, located in London, UK, was formed in 1884 and is a formulator, developer, and producer of innovative flavor and nutrition component solutions for the food, beverage, confections, and other consumer sectors. Custom tastes, ranging syrups and sauces, fruit preps, juices and juice blends, herbal extracts, baking ingredients, energy and fortification mixes, and scent compounds are all available, supported by extensive application development knowledge. FDL offers clients around the world with operations in Europe, the United States, and Asia.
Highlander Partners, L.P. is a limited partnership. Highlander Partners, L.P. is a Dallas-based private investment business that manages more than $3 billion in assets. The firm focuses on investing in firms in specified areas where the partners have extensive operational and investing expertise. Highlander Partners uses a buy and develop investing strategy to create value by assisting firms in growing organically and via acquisitions.
