# ADM to acquire Florida Chemical Company

Archer Daniels Midland Company (ADM) has struck a deal to acquire citrus oils and ingredients supplier Florida Chemical Company (FCC), a division of Flotek Industries, for an undisclosed sum. The deal is expected to close in Q1 2019.

- Type: Acquisition
- Announced: 2019-01-11
- Where: Winter Haven, Florida, United States
- Jobs: 75
- Status: announced
- Products: citrus oils, citrus flavors, essential oils
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Flotek Industries](https://endata.com/companies/8878.md) (target)
- [Archer Daniels Midland Company](https://endata.com/companies/21326.md) (acquirer)
- [Florida Chemical Company](https://endata.com/companies/36656.md) (target)

## Sources

- [foodnavigator.com](https://www.foodnavigator.com/Article/2019/01/11/ADM-to-acquire-citrus-flavors-fragrances-specialist-Florida-Chemical-Co/), 2019-01-11: "Citrus is one of the fastest-growing flavor categories, and the single most important taste profile for beverages, and no one in North America does citrus better than Florida Chemical Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.