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ADM Buys Wild Flavors to Diversify Commodity Business

Archer-Daniels-Midland Co. is acquiring Wild Flavors GmbH for about 2.2 billion euros ($3 billion) as it seeks to diversify from grain processing and tap into the less volatile natural ingredients business.

Wild Flavors, the maker of Capri Sun juice drink and natural food ingredients, is being purchased from Hans-Peter Wild and funds affiliated with KKR & Co., Decatur, Illinois-based ADM said today in a statement.