Archer Daniels Midland Company said Monday that it has reached an agreement to acquire Rodelle Inc., which makes and supplies vanilla products.
Rodelle, founded in 1936 and based in Fort Collins, Colorado, had sales of $40 million last year. The company originates, processes and sells products that include organic and traditional extracts, beans, alcohol-free flavor and paste. It also sells non-vanilla products, including flavorings, extracts, spice blends and organic spices.
“With the acquisition of Rodelle, we are continuing to grow our value chain by enhancing what is already one of the most comprehensive portfolios in the flavor industry,” said Scott Olstad, president of ADM’s North American WILD Flavors business. “Not only is vanilla one of the most popular and enduring flavors, but Rodelle’s integrated supply chain will allow us to offer an unparalleled range of certified organic and natural vanilla ingredients for today’s health-conscious consumers.”
Olstad said the addition would allow ADM immediate capabilities in the retail and commercial vanilla market, with significant opportunities to expand.
Rodelle has about 70 full-time employees. The company operates a 65,000-square-foot extraction and processing facility in Fort Collins. The plant was built in 2008 and expanded in 2014, and includes labs for testing and research and development.
“Rodelle will be a key part of our integrated human and animal Nutrition business — a business that we are focused on growing,” said Vince Macciocchi, ADM’s senior vice president and president, Nutrition.
ADM anticipates completing the transaction, which is subject to regulatory approval, in the third quarter.
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