American Multinational Food Processing Corporation ADM Acquires South African Start-Up Comhan
American Multinational Food Processing Corporation ADM Acquires South African Start-Up Comhan. American multinational food processing corporation ADM has announced that it has acquired South African startup Comhan, which is the country’s largest flavour distributor. The acquisition strengthens ADM’s flavour capabilities and reach, expanding ADM’s footprint in the high growth African market.
ADM has worked together with the local business for a number of years, with the formal acquisition now giving new and current customers more direct access to ADM’s extensive portfolio and network of experts. Founded in 1952, the COMHAN group is a privately-owned South African Company, specialising in the importation and distribution of industrial chemicals and food ingredients.
“This acquisition marks a very exciting moment for ADM, as we continue to develop our Nutrition business in key growth markets including Africa. I am confident that this acquisition will open up opportunities for our customers in the region and build on the capabilities of our existing offices in Nigeria and Kenya.” said Calvin McEvoy, President Global Beverages ADM, in a statement. The company said that welcoming Comhan into ADM’s portfolio comes together with other recent investments in alternative flavour production, including the company’s recent state-of-the-art facilities in Pinghu, China and Berlin, Germany.
“At ADM we believe it is critical to invest in flavour creation assets globally to extend production and supply chains, making it easier to get unique and consumer-preferred flavours to local customers. The acquisition of Comhan means we can bring together our 80 years’ experience in the flavour industry and Comhan’s unique market insight to generate innovative products which cater to local tastes and interests. Comhan’s business is currently focused on beverages but through this new partnership we plan to grow the distribution capabilities to include food and savoury products.” added McEvoy.
