Update: ADM Completes Wild Flavors Acquisition; Forms New Unit

Archer Daniels Midland Company (ADM) has now completed the acquisition of WILD Flavors GmbH, and has formed a new business unit and made leadership appointments as a result. The new business unit will be a reportable segment beginning Jan. 1, 2015.

ADM's new business unit, Wild Flavors and Specialty Ingredients, which will include the Wild business as well as the following ADM product lines: specialty proteins (including isolated soy proteins, textured vegetable protein, soy protein concentrates, and soy flour & grits); emulsifiers; edible beans; natural health and nutrition (natural-source vitamin E, plant sterols, soy isoflavones and Omega- 3 DHA); soluble fiber; polyols and hydrocolloids.

Greg Morris will be president of the Wild Flavors and Specialty Ingredients business unit. He most recently was ADM’s president, North American oilseeds processing, where in addition to overseeing more than two dozen oilseed crushing plants, he led the creation of the company’s Foods & Wellness business.

Vince Macciocchi, Wild's North American COO, has been named global president, Wild Flavors. In addition to leading the Wild Flavors business worldwide, Macciocchi will design the new business unit’s go-to-market strategy and will play a key role in several ADM initiatives, including the company’s innovation and customer excellence efforts.

Mike Ponder, Wild's chief executive officer, recently announced his retirement and will join former majority owner Hans-Peter Wild on an advisory board for the business.

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