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Wild Flavors GmbH announced the acquisition of certain assets of the A.M. Todd Group, Inc., which is recognized worldwide for its natural mint flavors and value-added mint ingredients, as well as its unique technologies surrounding organic flavors and ingredients. With the addition of these products from A.M. Todd, Wild aims to enhance its growth with new business lines for its customer base and expand into new markets. The completion of the acquisition is scheduled for October 31, 2011, once it is approved by A.M. Todd shareholders.
“This transaction allows for further growth and leadership in creative product development resulting in great-tasting products for the food and beverage industry,” stated Wild Flavors North America’s chief operating officer Erik Donhowe of the acquisition, and Wild CEO Michael Ponder commented, “With Wild’s competencies based on technologically advanced product development and quality production processes, the acquisition of A.M. Todd assets and unique technologies will only strengthen Wild’s ability to meet and exceed our customers’ requirements.”
Raymond Hughes, president and CEO of A.M. Todd, stated, “While A.M. Todd has developed the leading position in natural mint flavors, Wild will strengthen and complement the mint and ingredient competency through its fast-growing global business structure and strategies.”