Announced
Completed
Financials
Tags
United States
innovative dairy flavor ingredients
Food Products
Acquisition
Private
Domestic
Single Bidder
Majority
Friendly
Private Equity
Completed
Synopsis
Archer-Daniels-Midland, an American multinational food processing and commodities trading corporation, completed the acquisition of Revela Foods, a Wisconsin-based developer and manufacturer of innovative dairy flavor ingredients and solutions, from New Heritage Capital, a private equity firm. Financial terms were not disclosed. “Over the last few years we have expanded our management team, added new product capabilities, launched a comprehensive go-to-market strategy - including a new brand - and completed a significant acquisition, all resulting in significant growth. Heritage was by our side throughout that entire journey, helping us to transform the company while preserving our history. We are proud of what we have accomplished together,” Terry Schneider, Revela CEO.
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