Archer Daniels Midland Company names Greg Morris president of a newly formed WILD Flavors and Specialty Ingredients business unit.
Archer Daniels Midland Company, Chicago, completed its acquisition of WILD Flavors GmbH and announced plans for a new a reportable segment, WILD Flavors and Specialty Ingredients, beginning Jan. 1, 2015.
“One of the most important ways we are working to increase returns and reduce earnings volatility is through the growth of our specialty ingredient offerings,” says ADM Chairman and CEO Patricia Woertz. “These high-value products provide the opportunity for increased margins and strong sales aligned with global consumer trends. WILD Flavors is the latest in a series of strategic expansions in specialty ingredients, including our new Brazilian protein specialties complex and our Chinese soluble-fiber facility.”