The purchase of the company ADF/IDF has allowed Symrise to expand its business in the Nutrition segment. The US-based company makes a stable contribution to sales and profits – and they offer natural based products made from poultry and eggs that pair well with the product ranges of Symrise Nutrition.
The strategy is crystal-clear: Symrise only acquires other companies if they a) complement or expand the Group portfolio and b) are so healthy that they immediately or very quickly contribute to achieving the ambitious sales and profit goals of the Group. The purchase of ADF/IDF, which Symrise completed at the end of 2019, fully complied with these stipulations. The company bolsters the product range in the Nutrition segment while also achieving annual sales of USD 220 million and thus an EBITDA margin of approximately 23 % in a rapidly growing market. Symrise bought the new partner, whose full name stands for American Dehydrated Foods/International Dehydrated Foods, for USD 900 million. The transaction was financed through equity and debt capital.
ADF/IDF, which is headquartered in Springfield, Missouri, develops and produces protein specialties based on meat and egg products. The approximately 470 employees serve numerous markets, for which they use the synergies that arise when processing the raw materials. The focus is on chickens and eggs. The experts in the USA use these to produce pet food components and food ingredients. The range of products fits perfectly with the products of Diana Food,Diana Pet Food,Diana Aqua and with the Symrise positioning, since ADF/IDF only uses natural raw materials that are utilized sustainably.
AADF/IDF creates tasty and nutritional-physiological solutions, made from traceable and sustainable sources, in order to offer manufacturers of human food, pet food and aquafood industries ingredients serving health and well-being of consumers.
The customers, who can count on stable supply chains, were also an important factor in the acquisition; one argument for the company, which was founded in 1978, was its strong position in the US market. This allows Symrise to expand its global presence. ADF/IDF, on the other hand, benefits from the vast resources of Symrise around the world.