DECATUR, Ill. — Archer Daniels Midland already makes sweeteners, fibers, emulsifiers and an array of other ingredients. Now it’s getting in the business of natural flavors.
The Decatur, Ill.- based company, said Monday it will acquire the privately held Swiss company Wild Flavors in a deal that will total $3.13 billion counting debt. Founded in 1931, Wild Flavors makes natural flavors.
Natural and artificial flavors are listed as ingredients in packaged foods and drinks.
According to the U.S. Food and Drug Administration, the term “natural flavor” can be used for extracts from spices, fruits, vegetables, herbs, meats and other foods.