ADM expands in Brazil with Amazon Flavors acquisition
July 06, 2016
Archer Daniels Midland Company (ADM) announced on 16 May that it had acquired full ownership of Amazon Flavors, a leading Brazilian manufacturer of natural extracts, emulsions and compounds.
ADM had previously owned a 40% stake in Amazon.
“Brazil is a key market as we continue to grow our ingredient sales around the globe,” said Vince Macciocchi, president of ADM’s WILD Flavors and Specialty Ingredients business unit. “Brazil is the largest food and beverage market in South America, and we look forward to working with the Amazon Flavors team to ensure that we are the go-to source for Brazilian food and beverage customers.”
With production facilities in Manaus and product development and application laboratories in Manaus and São Paulo, Amazon Flavors creates natural extracts derived from the guarana plant and açai berries, as well as cola, energy and other compounds for the Brazilian beverage market.
“This is yet another sign of our commitment to grow our already substantial business in Brazil,” said Scott Fredericksen, president, ADM South America. “From the expansion of our ports in Santos and Barcarena, to the construction of our new protein facility in Campo Grande, to this enhanced presence in the Brazilian flavor industry, ADM continues to invest in Brazil.”