Archer Daniels Midland set to buy Wild Flavors

|About: Archer Daniels Midland Co. (ADM)|By:, SA News Editor

Archer Daniels Midland (ADM +0.8%) is closing in on a deal to purchase Wild Flavors for $3.4B.

Sources indicate the company outbid Ajinomoto for the property owned by KKR.

Wild Flavors manufactures flavors and colors for the food industry with a particular focus on healthy products.