WILD FLAVORS, INC. ACQUIRES ALFREBRO, LLC
WILD Strengthens its Position Worldwide by Acquiring One of the Largest Natural Aroma Chemical Suppliers.
November 26, 2013 – (Erlanger, KY) WILD Flavors, Inc. (WILD) has acquired Alfrebro, LLC, a leading manufacturer of natural extracts and aroma chemicals, advanced proprietary technologies, and expanded processing capabilities. With this positioning, WILD will further its development position and product lines to expand not only into unique flavors, extracts, and aromas for the food and beverage market, but also to strengthen its Health and Wellness focus and initiatives.
“This investment is another key step to continually grow a differentiated and integrated supply chain for the benefit of our customers. Alfrebro’s business will provide improved raw material access while strengthening our existing flavor and extract capabilities,” said Michael Ponder, Global CEO of WILD Flavors GmbH. “By broadening our product offering and by providing a truly global supply chain, our customers will profit from WILD Flavors’ unique full-solution approach as the single source of supply for every ingredient needed to produce a high-quality, finished product.”
Vince Macciocchi, COO of WILD Flavors, Inc., in Erlanger, Kentucky, commented, “The opportunities with Alfrebro represent vertical integration, access to new flavor ingredients, increased manufacturing capabilities and additional cost savings.”
“The Alfrebro organization is excited to become part of WILD globally,” said David Moats, owner of Alfrebro. “The company has long-standing national, regional, and international relationships with many large flavor and CPG companies; the combination of WILD’s Aroma Chemical Business and Alfrebro will provide unique and value-added ingredients. Our new relationship with the WILD organization allows us to continue to develop novel flavor ingredients.”
Transaction marks latest milestone in WILD's global expansion
WILD continues to invest in the strategic expansion of its global business. In July 2013, WILD announced its equity partnership with Amazon Flavors in Brazil to establish local production capacity while expanding its development base in this important growth market. In May 2013, WILD announced investments at its production, development and sales locations in India, as well as the opening of a new subsidiary in Singapore. In 2012, the company acquired the assets of the former Cargill juice business, which has state-of-the-art manufacturing facilities in the Netherlands, Japan and the U.S. In 2011, WILD acquired the A.M. Todd Group, a global leader in natural mint oils and ingredients with production sites in India, Germany, and the United States. WILD China is also expanding its facility to incorporate the production of mint, which will allow WILD to supply mint oils, extracts, and flavors to this region as well.