Wild moves toward becoming public
January 28, 2010
by Jeff Gelski
EPPELHEIM, GERMANY and LONDON — Hans-Peter Wild, the owner of Rudolf Wild GmbH & Co. KG, has taken the first step to turning the family-owned company into a public company. He has sold shares of the flavors and ingredients business to KKR, a global alternative asset manager. The sale of shares includes subsidiaries in a total of 11 countries. Wild Flavors, Inc., Erlanger, Ky., is an allied company that Dr. Wild, who has a doctorate in law, acquired in 1994.
The fruit preparation business of Rudolf Wild GmbH and Co. in Germany, France and Poland will not be affected. Also, Dr. Wild will continue to fully own Deutsche SiSi Werke, with its Capri-Sonne/Capri-Sun brand, and Indag, the technology center of Wild.
After the transfer of shares of the German business Wild and KKR plan to form, Dr. Wild will serve as majority shareholder. No changes will take place in the top management of Rudolf Wild GmbH and Co.
“The strategic partnership between KKR and Wild, one of the global market’s leading manufacturers of natural flavor ingredients for the food and beverage industry, is an innovative type of private equity transaction that will facilitate significant growth opportunities worldwide,” said Johannes Huth, European head of KKR. “We are excited to be Wild’s partner of choice during this exciting growth stage.”