Symrise to acquire pet food ingredient supplier ADF/IDF for $900m

Symrise acquisition of ADF/IDF : German flavors and fragrances manufacturer Symrise has agreed to acquire ADF/IDF, a US-based natural nutrition ingredient provider for pet food, for $900 million, as per the latest food acquisition news.

Headquartered in Springfield in Missouri, ADF/IDF supplies natural poultry ingredients for pet food and also for food applications. Its customers include manufacturers of pet food, food and beverage, supplements and nutrition.

ADF/IDF expands to American Dehydrated Foods/International Dehydrated Foods.

Established in 1978, ADF/IDF has 11 manufacturing sites and two technical centers across North America. Its operations are supported y nearly 470 employees.

Last year, the pet food ingredient supplier registered revenue of $220 million.

Symrise acquisition of ADF/IDF

Symrise acquisition of ADF/IDF will help the German company to expand its activities in the pet food business and to bolster its position in the food nutrition market.

Commenting on Symrise acquisition of ADF/IDF, Dr. Heinz-Jurgen Bertram – CEO of Symrise, said: “The strategic acquisition of ADF/IDF perfectly delivers on our strategy to expand in fast growing, high-margin business areas. The complementary offering will further diversify our Diana portfolio in pet food and nutrition.

“The acquisition of the leading provider of natural pet food nutrition ingredients is a further breakthrough for Symrise into the pet food nutrition market. With our expertise in pet food palatability and competence in nutrition solutions, we will create an integrated partner for our pet food clients.

“Through this acquisition, we will also broaden our global presence especially in the USA – a strategically important growth market for us – and strengthen our customer base.”

The combination of ADF/IDF and the Symrise Nutrition division Diana is expected to result in a major global player in meat and egg-based protein specialties.

ADF/IDF’s brand IsoNova provides pet food solutions using egg protein specialties. It manufactures animal health, functional, and nutritional products.

Symrise acquisition of ADF/IDF will help the latter leverage from the German company’s resources and expertise outside the US market.

William Darr – founder of ADF/IDF, commenting on Symrise acquisition of ADF/IDF, said: “ADF/IDF and Symrise have many things in common. We are both committed to high-quality natural products derived from sustainable resources. And we both drive innovation to develop solutions that best serve our customers’ needs.

“Our company will benefit from Symrise’s scientific know-how to further improve our products. Also, Symrise’s wide global presence and broad customer base will allow ADF/IDF to expand its business faster.”

Symrise acquisition of ADF/IDF is subject to meeting of customary closing conditions. For more food acquisition news, keep following Business-News-Today.com.