FDL, A Portfolio Company of Highlander Partners, Enters Into Definitive Agreement To Be Acquired By ADM; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Fuerst Day Lawson Limited (FDL), a portfolio company of Highlander Partners, has agreed to be acquired by Archer-Daniels-Midland Company (ADM), a global leader in human and animal nutrition. FDL specializes in natural taste and nutrition solutions for various products and markets, with a presence in Europe, the US, and Asia. The acquisition is part of ADM's strategy to expand its flavors capabilities, following previous acquisitions and investments in the sector. The transaction is subject to customary closing conditions, and financial terms were not disclosed. Rothschild & Co. and DLA Piper UK LLP are advising FDL on the deal.
December 19, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ADM's acquisition of FDL is expected to enhance its global nutrition and flavor capabilities, aligning with its growth strategy in the sector.
The acquisition of FDL is likely to be viewed positively by investors as it aligns with ADM's growth strategy in the nutrition and flavors sector. The addition of FDL's expertise and product offerings is expected to enhance ADM's portfolio and market reach, potentially leading to revenue growth and increased market share. While financial terms were not disclosed, the strategic nature of the acquisition suggests a positive short-term impact on ADM's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90