NEWS ROUND UP ADM agrees to acquire UK-based FDL
ADM has recently announced its agreement to acquire FDL, a prominent UK-based developer and producer of premium flavour and functional ingredient systems. With projected 2023 sales reaching approximately $120 million, FDL operates three production facilities and two customer innovation centres, all situated in the United Kingdom. The company’s 235 employees, including 40 dedicated innovation specialists, have developed over 10,000 proprietary flavour formulations, enabling expedited speed to market. FDL’s diverse customer base spans various channels, with a significant presence in the $900 billion European
foodservice segment. Calvin McEvoy, ADM’s president of global flavours, emphasises the strategic importance of enhancing their flavours portfolio to build a global leader in Nutrition. FDL’s expertise in formulation, deep end- use applications knowledge, and a strong customer base align with ADM’s goals for
expanding global flavour capabilities, particularly in the foodservice sector. ADM’s strategic approach to building a global leader in nutrition includes ongoing additions to its flavour ingredients and solutions portfolio. The company, known for acquisitions like WILD Flavors in 2014, continues to expand its
Henley Bridge launches “price-fighting” chocolate drops
Ingredients specialist Henley Bridge has unveiled an exciting new range of price-busting chocolate drops to help struggling makers navigate the ‘cost of living’ crisis. The new Norte Eurocao range – which launches in January - is 15-20% cheaper than the leading chocolate brands - costing between £30 and £33 per 5kg - but without compromising on quality. The range comprises: • Wengue Dark chocolate (70% couverture)
• Haya Dark chocolate (60% couverture)
• Mara Milk chocolate (34% couverture)
•
Miravet White chocolate (30% couverture)
All of the chocolates are Rainforest
Alliance certified, and suitable for kosher and halal diets. Sunflower lecithin is used as an emulsifier as opposed to soya, therefore making the range suitable for
KennedysConfection.com
consumers who have a soya allergy. David Cratchley, purchasing and NPD manager for Henley Bridge, said: “The cocoa market is currently at a 30-year high so we’ve introduced this new range as a price-fighting alternative. “The consumer voice has changed and people aren’t necessarily worrying about the provenance of chocolate - they’re more concerned with saving money. “The Norte Eurocao range is produced in Spain, where production costs are cheaper than in Belgium, but the end products are very similar in quality.”
Kennedy’s Confection December/January 2023/24 9
flavours capabilities globally and broaden its offerings through acquisitions, organic investments, and the establishment of innovation centres across various regions. The completion of the FDL acquisition is expected by the end of January 2024, subject to customary closing conditions.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60
