Wild completes acquisition of Cargill's juice business
July 2, 2012
ZUG, SWITZERLAND — Wild Flavors GmbH has completed its acquisition of Cargill’s global juice cold blends and compounds business.
“Combining our expertise with the capabilities of the newly acquired business enables Wild to offer the most complete product portfolio in the global juice business,” said Michael H. Ponder, chief executive officer. “This further supports Wild Flavors’ unique market position as the truly single source of supply for all of the natural ingredients our customers need to produce a high-quality, finished beverage product.”
The acquisition was first announced on April 17, and Wild said it is a step in the company’s global growth strategy and strengthens its position as a leading natural ingredients company for the food and beverage industry. The company also said the acquisition adds a global network of three production and storage facilities with direct sea access in Japan, The Netherlands and the United States.