Archer-Daniels-Midland (ADM) announced its acquisition of Revela Foods, a Wisconsin-based dairy flavor developer. This move expands ADM's flavors portfolio, aligning with its strategy to diversify into nutrition foods. With Revela's projected $240 million sales in 2023, ADM aims to enhance its global presence in the $1.8 billion dairy flavors market. The deal is set to finalize in early 2024, but financial specifics were not disclosed.
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