Continues growth in high-value flavour segment
ADM has acquired Flavor Infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean.
Vince Macciocchi, president of ADM’s Nutrition business said, “Our Nutrition segment has been delivering profit growth of 15 to 20 percent a year, and our flavors business has been an important driver of that success, with annual sales growth of more than 10%. This acquisition represents another important bolt-on addition as we expand our capabilities in this high-value segment.”
With this acquisition, ADM adds an experienced and successful team of 60 colleagues who serve a growing list of food and beverage customers across Latin America and the Caribbean with a wide range of flavor ingredients and solutions from two state-of-the-art manufacturing facilities in Panama and Colombia.