Revela, with $240 million in projected 2023 sales, adds to ADM’s portfolio with innovative technology to meet demand in the $1.8 billion dairy flavour segment
ADM, a global leader in human and animal nutrition, announced it is adding to its flavours capabilities with an agreement to acquire Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavour ingredients and solutions.
Revela with projected sales of almost $240 million in 2023, would add new capabilities to ADM’s global flavours portfolio in the $1.8 billion global dairy flavours segment and the $3.2 billion savoury flavours segment. Reveal, a portfolio company of New Heritage Capital since 2019, has delivered rapid growth, driven by its innovative enzyme technology, which powers a broad range of clean-label dairy flavour 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.
“Revela has built a strong business around its unique range of dairy flavour ingredients and solutions for customers spanning major brands, retailers and food service,” said Calvin McEvoy, ADM’s president of global flavours. “ADM has a strong presence in the North American savoury flavours 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 flavours and clean labels.”