Adams Flavors Acquires Goodman's Vanilla

Valesco Industries Leads Majority Buyout of Adams Flavors, Foods & Ingredients

March 9, 2022

Food & Beverage

On March 3, 2022 Valesco Industries (via Valesco Fund II) closed a majority buyout and control recapitalization of Central Texas Ingredients I, LLC (dba Adams Flavors, Foods & Ingredients) in Gonzales, Texas. The transaction included co-investors Brookside Capital Partners, Deason Capital, Midwest Growth Partners and CEO Daniel (Dan) Shannon; proceeds will support new private label programs and nationwide expansion of the Adams brand.

ADM Acquires Revela Foods

January 24, 2024

Food & Beverage

Archer Daniels Midland Company (ADM) agreed to acquire Revela Foods, a New Berlin, Wisconsin-based developer and manufacturer of dairy flavor ingredients and enzyme-based flavor technology. Revela, a portfolio company of New Heritage Capital since 2019, has roughly 400 employees and projected 2023 sales of about $240 million; the acquisition expands ADM's dairy and savory flavors capabilities and is expected to close in early 2024 subject to customary approvals.

Brookside Flavors & Ingredients Acquires Flavor Advantage

August 1, 2022

Food & Beverage

Brookside Flavors & Ingredients LLC (BFI) has acquired the assets of Flavor Advantage, LLC, a Naples, Florida-based flavor house. Founder Tom Motz will remain with the business, and BFI said the acquisition will expand its sweet-flavor capabilities and customer relationships to accelerate growth using BFI's resources.

ADM Acquires Flavor Infusion International (FISA)

December 22, 2021

Food & Beverage

ADM has acquired Flavor Infusion International, S.A. (FISA), a provider of flavor and specialty ingredient solutions serving customers across Latin America and the Caribbean. The bolt-on deal adds two manufacturing facilities in Panama and Colombia and a team of approximately 60 employees to ADM's Nutrition/Flavors business to expand capabilities and accelerate growth in the high-value flavors segment in the region.

Gilman Cheese Merges with Dairyfood USA (PE add-on)

May 31, 2022

Food & Beverage

Gilman Cheese Corporation has merged with Dairyfood USA to combine two Wisconsin specialty cheese processors and expand their product mix, including extended shelf-life and naturally smoked cheeses. The deal was announced as an add-on to Gilman’s PE-backed platform (sources reference Midwest Growth Partners and Borgman Capital in connection with Gilman) and aims to broaden capabilities and global distribution for processed cheese products.

FlavorSum (Riverside) Acquires Meridian Flavors

August 25, 2022

Food & Beverage

FlavorSum, a Flavor & Ingredients platform owned by The Riverside Company, has acquired Meridian Flavors, a Fenton, Missouri-based manufacturer of natural, non-GMO and organic flavor systems. The transaction is an add-on to the FlavorSum platform and expands its clean-label and sweet/dairy flavor capabilities to better serve small and mid-sized food & beverage customers.