ADM To Acquire UK-based FDL For Undisclosed Terms

RTTNews | hace 674
ADM To Acquire UK-based FDL For Undisclosed Terms

(RTTNews) - Food processing company Archer-Daniels-Midland Co. or ADM (ADM) announced Tuesday that it has reached an agreement to acquire UK-based FDL, a leading developer and producer of premium flavor and functional ingredient systems.

FDL, with $120 million in projected 2023 sales, offers significant innovation capabilities along with strong presence in the $900 billion European foodservice channel.

ADM is continuing to add to its broad portfolio of flavor ingredients and solutions as it builds a global leader in nutrition.

Since acquiring WILD Flavors in 2014, ADM has added multiple new offerings to its flavors portfolio through acquisitions. The company has also expanded its flavors capabilities globally with acquisitions and its growing network of innovation centers spanning Europe, Asia, Latin America and North America.

The acquisition is subject to customary closing conditions. ADM intends to complete the transaction by end of January 2024.

read more
ADM Animal Nutrition Expands Recall Of Feed Products

ADM Animal Nutrition Expands Recall Of Feed Products

ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include additional lots of various feed products citing elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus. These elevated levels may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine.
RTTNews | hace 499
Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Higher crude oil and metal prices point to a firm start for the Canadian market on Thursday. Investors are also expecting that the upcoming Canadian budget will contain some huge funding in major initiatives.
RTTNews | hace 2h 27min
Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.
RTTNews | hace 2h 45min
French Manufacturing Sentiment Strengthens Unexpectedly

French Manufacturing Sentiment Strengthens Unexpectedly

French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday. The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.
RTTNews | hace 4h 18min
CAC 40 Hovers Near Record High; Kering Soars Over 10%

CAC 40 Hovers Near Record High; Kering Soars Over 10%

France's CAC 40 is hovering near its record high on Thursday with investors largely reacting to corporate earnings announcements, and data showing an improvement in industry confidence in France in the month of October.
RTTNews | hace 4h 27min
Sensex, Nifty Give Up Sharp Early Gains

Sensex, Nifty Give Up Sharp Early Gains

Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
RTTNews | hace 4h 59min