ADM announced the pending acquisition of Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions.
The acquisition is subject to customary closing conditions and regulatory approvals. ADM intends to complete the transaction early in 2024.
Revela, a portfolio company of New Heritage Capital since 2019, is said to boast a broad range of clean-label dairy flavor formulations for multiple applications, from snacks and frozen meals to sauces, dressings, soups, seasonings and desserts. Revela’s approximately 400 colleagues operate three state-of-the-art production facilities in the U.S. Midwest.
Related: ADM Completes Acquisition of Comhan
“Revela has built a strong business around its unique range of dairy flavor ingredients and solutions for customers spanning major brands, retailers and food service,” said Calvin McEvoy, ADM’s president of global flavors. “ADM has a strong presence in the North America savory flavors segment, and we’re excited to work with the impressive Revela team to expand our opportunities there, bringing their technology and innovation together with our global capabilities to power our unparalleled range of ingredients and complete solutions for customers who are looking for great flavors and clean labels.”
“We are excited to partner with ADM to further Revela’s reputation as an innovative, turnkey provider of dairy flavor ingredients and solutions,” added Terry Schneider, Revela’s chief executive officer. “We believe joining the ADM family will allow us to offer even broader solutions to our customers and will provide our employees with even greater opportunities for advancement.”
“ADM’s integrated business model and unparalleled production and product application expertise power a portfolio of customizable, complete nutrition solutions that no other company can match,” said Ian Pinner, president of ADM’s Nutrition business. “Our flavors business is an important pillar of our Nutrition growth strategy, and we are continuing to add to our flavors pantry to ensure we remain the partner of choice for customers around the globe.”
