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ADM To Acquire UK-based FDL For Undisclosed Terms

RTTNews | 677 dias atrás

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.

Etiquetas: ADM

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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 | 502 dias atrás

ADM Guides FY24 Adj. EPS In Line; Authorizes Addl. $2 Bln Share Buyback - Update

ADM Guides FY24 Adj. EPS In Line; Authorizes Addl. $2 Bln Share Buyback - Update

While reporting financial results for the fourth quarter and fiscal 2023 on Tuesday, Archer-Daniels-Midland (ADM) initiated its adjusted earnings guidance for the full-year 2024 in a range of $5.25 to $6.25 per share.

RTTNews | 593 dias atrás

Win Streak May Continue For Malaysia Bourse

Win Streak May Continue For Malaysia Bourse

The Malaysia stock market has moved higher in consecutive trading days, picking up more than 10 points or 0.6 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau and it's expected to open to the upside again on Monday.

RTTNews | 20 minutos atrás

Japan Stock Market May Extend Friday's Gains

Japan Stock Market May Extend Friday's Gains

The Japanese stock market on Friday snapped the two-day slide in which it had stumbled more than 675 points or 1.4 percent. The Nikkei 225 now sits just beneath the 49,300-point plateau and it may add to its winnings on Monday.

RTTNews | 35 minutos atrás

KOSPI Has Firm Lead For Monday's Trade

KOSPI Has Firm Lead For Monday's Trade

The South Korea stock market bounced higher again on Friday, one day after snapping the six-day winning streak in which it had surged more than 320 points or 8.6 percent. Now at a fresh record closing high, the KOSPI sits just above the 3,940-point plateau and it may extend its gains on Monday.

RTTNews | 50 minutos atrás

Hong Kong Trade Data On Tap For Monday

Hong Kong Trade Data On Tap For Monday

Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 1 h 50 min atrás

Canadian Dollar Recovers Against Majors

Canadian Dollar Recovers Against Majors

The Canadian dollar recovered against its major counterparts in the New York session on Friday.

RTTNews | 2 dias atrás

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia Central Bank Cuts Rates For Fourth Policy Session

Russia's central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time.

RTTNews | 2 dias atrás

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