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- W3141267939 abstract "Agribusiness giant Archer Daniels Midland has agreed to purchase Florida Chemical, a division of Houston’s Flotek Industries, for $175 million in cash. Florida Chemical is a large producer of citrus oils and other citrus-derived ingredients. Those ingredients are in high demand, according to ADM. “Citrus is one of the fastest-growing flavor categories and the single most important taste profile for beverages,” says Vince Macciocchi, president of ADM’s nutrition business. Flotek, an oilfield chemical firm, acquired Florida Chemical in 2013. The two may seem like an odd fit, but Flotek had been a big buyer of citrus-based solvents, such as d-limonene, from Florida Chemical. In contrast, ADM plans to take advantage of Florida Chemical’s supply chain and processing expertise to expand its offerings to the high-margin food and beverage market. In that realm, the ingredients are valued for their clean label attributes and ability to modify flavors in reduced-sugar products. In" @default.
- W3141267939 created "2021-04-13" @default.
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- W3141267939 date "2019-01-21" @default.
- W3141267939 modified "2023-10-16" @default.
- W3141267939 title "ADM adds a dash of citrus" @default.
- W3141267939 doi "https://doi.org/10.1021/cen-09703-buscon1" @default.
- W3141267939 hasPublicationYear "2019" @default.
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