DALLAS, Feb. 19,
2024 /PRNewswire/ -- Fuerst Day Lawson Limited
("FDL"), a portfolio company of Highlander Partners, L.P.,
completed the previously announced sale to ADM (NYSE: ADM), a
premier global human and animal nutrition company. FDL, founded in
1884 and headquartered in London,
is a leading ingredient solutions provider, specialized in the
rapid development, formulation and manufacture of natural taste and
nutrition solutions for applications across multiple product types
and global end-markets. It offers custom flavors, syrups and
sauces, fruit preps, juices and juice blends, botanical extracts,
bakery ingredients, energy and fortification blends and aroma
chemicals, backed by deep applications development expertise.
FDL serves a global customer base with a presence in
Europe, US, and Asia.
Founded in 1902, ADM today is one of the world's largest
agricultural supply chain managers and a premier human and animal
nutrition provider, offering an unparalleled pantry of ingredients
and solutions to meet customer needs for taste, texture, nutrition,
and functionality.
Jeff L. Hull, President and CEO of Highlander and FDL board
member, stated, "We believe that we accomplished an enormous amount
during our ownership tenure and are very happy to see the FDL team
become part of ADM, as the combination is a perfect fit and will
allow this business to reach another level."
Rothschild & Co. served as financial advisor and DLA Piper
UK LLP as legal counsel for FDL.
About Fuerst Day Lawson (FDL)
FDL, founded in
1884 and headquartered in London,
UK, is a formulator, developer and manufacturer of
proprietary taste and nutrition ingredient solutions serving food,
beverage, confections and other consumer markets. It offers custom
flavors, syrups and sauces, fruit preps, juices and juice blends,
botanical extracts, bakery ingredients, energy and fortification
blends and aroma chemicals, backed by deep applications development
expertise. FDL serves a global customer base with operations
in Europe, US and Asia. For more information about FDL,
please visit www.fdlworld.com.
About Highlander Partners, L.P.
Highlander
Partners, L.P. is a Dallas-based
private investment firm with more than $3
billion in assets under management. The firm focuses on
making investments in businesses in targeted industries in which
the principals of the firm have significant operating and investing
experience. Highlander Partners employs a buy and build investment
approach, creating value by helping companies grow both organically
and through acquisitions. Additional information about Highlander
at www.highlander-partners.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/highlander-partners-announces-sale-of-its-portfolio-company-fdl-to-adm-302064506.html
SOURCE Highlander Partners, L.P.