ADM: Completes Rodelle Acquisition

Chicago / IL. (adm) Archer Daniels Midland Company (ADM) announced that it has completed its acquisition of Rodelle Inc., a premium originator, processor and supplier of vanilla products (see on 2018-07-25).

«ADM offers customers a best-in-class portfolio of food and beverage ingredients and solutions, and now, with the addition of Rodelle, we’re adding another great piece to our capabilities», said Scott Olstad, president of ADM’s North American «Wild» Flavours business. «Rodelle is a well-known and well-respected brand, with a great reputation for high-quality vanilla and other products. We’re particularly excited about its unique supply chain, which allows us to bring to our customers a range of certified organic and natural vanilla products unmatched in the industry».

Rodelle, founded in 1936 and based in Fort Collins, Colorado, originates, processes and sells premium vanilla products, including organic and traditional extracts, beans, alcohol-free flavour and paste. The company also sells non-vanilla products, including flavourings, extracts, spice blends and organic spices. In Madagascar, the company owns a stake in Federation Sahanala Vanille – a joint venture between Rodelle and a partnership of local associations that now includes more than 2,100 registered vanilla farmers – and is capable of producing industry-leading volumes of certified organic vanilla. Rodelle also has a strategic partnership with Gourmet Gardens, providing sourcing of vanilla in Uganda.

«This is an exciting time for ADM, as we continue to dramatically expand our human and animal nutrition capabilities», said Vince Macciocchi, ADM senior vice president and president, Nutrition. «Our goal is to be the world’s leading nutrition company, and we’re taking aggressive action to get there. Just last week, we completed our acquisition of leading probiotics provider Protexin. Today, we’re welcoming the great Rodelle team to ADM. And we’re tremendously excited as we continue to move toward a fourth quarter completion of our Neovia acquisition, a transformative addition that will make us a global leader in animal nutrition. We’re expanding our capabilities, our customer services and outreach, and our geographic reach as we continue to build the world’s leading integrated human and animal nutrition business».