In September, Wild Flavors said that adding AM Todd’s product portfolio to its existing ingredient flavour and ingredient range would allow it to expand into new markets and channels, and also assist its customers’ growth through new business lines.
The US company's operations in India are located in one of the main worldwide geographical areas for growing mint plants and will allow for increased procurement of mint varieties, said Wild.
Natural mint oil prices have tended to be volatile over the past few years, and supply has fluctuated as growers have been offered better prices for other crops, particularly corn for ethanol production.
Michael Ponder, CEO of Wild Flavors’ said in September that A.M. Todd’s technologies and assets would combine well with Wild's existing product development and production processes, and strengthen its ability to meet its customers’ requirements.
Financial terms of the transaction were not disclosed.