ADM announced the acquisition of Flavor Infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions in Latin America and the Caribbean.
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This acquisition adds a team of 60 colleagues to ADM who serve food and beverage customers across Latin America and the Caribbean with a range of flavor ingredients and solutions from facilities in Panama and Colombia.
Vince Macciocchi, president of ADM’s Nutrition business, said, “We’re excited to open up new growth opportunities in Latin America and the Caribbean with the addition of FISA. Our nutrition segment has been delivering profit growth of 15% to 20% a year, and our flavors business has been an important driver of that success, with annual sales growth of more than 10%. This acquisition represents another important bolt-on addition as we expand our capabilities in this high-value segment.”
Daniel DeClark, chairman and CEO of FISA, said, “Having founded and owned numerous flavor operations for more than 50 years, I can confidently say that ADM is the ideal partner to carry on FISA’s legacy as a premier provider of flavor and specialty ingredient solutions to the beverage industry in Latin America and the Caribbean. FISA’s customers, as well as its employees, will benefit from ADM’s global presence, significant R&D capabilities and robust sales and marketing resources. Strategically, this transaction is a perfect fit for both parties. Congratulations to all involved!”