Wild Flavors acquires Cargill's juice blends business
April 17, 2012
by Keith Nunes
ZUG, SWITZERLAND — Wild Flavors has acquired the global juice cold blends and compounds business from Cargill. Wild said the acquisition will increase its sales by approximately $200 million and provide it with strategic assets in Asia, Europe and North America. Terms of the acquisition were not disclosed.
Cargill’s juice blends and compounds business processes ingredients for high-fruit content beverages as well as juice concentrates. The business has facilities in Amsterdam, The Netherlands; Port Elizabeth, N.J.; Chiba and Kashima, Japan.
“This acquisition is a key step to continually grow a differentiated and integrated supply chain for juices to the benefit of our customers,” said Michael Ponder, chief executive officer of Wild Flavors. “Cargill’s business will provide improved raw material access while strengthening our existing juice capabilities. By broadening our product offering and by providing a truly global supply chain, our customers will profit from Wild Flavor’s unique full-solution approach as the single source of supply for every ingredient needed to produce a high-quality, finished beverage product.”