07.07.2014 - Archer Daniels Midland will expand its business
Archer Daniels Midland Company buys food producer Wild Flavors GmbH for EUR 2.3 billion. The deal is awaiting approval by regulators and probably will be completed by the end of the year. According to the head of Archer Daniels Midland production of natural flavors for the food and beverage industry is one of the most promising areas both on developed and emerging markets.
According to analysts Wild Flavors GmbH has about 3 thousand customers, and revenue in 2014 should be around 1 billion euros. We are positive about a step of Archer Daniels Midland development of a new business and recommend buying shares of companies with medium-term growth potential of 8-10%.