WILD Flavors GmbH

Company Profile

WILD Flavors GmbH, based in Zug, Switzerland, is one of the world’s leading producers and suppliers of natural ingredients for the food and beverage industry. The company with its origins in Heidelberg, Germany was established in 1931. On January 27, 2010 entrepreneur Dr. Hans-Peter Wild entered into a strategic alliance with the international private equity firm Kohlberg Kravis Roberts & Co. L.P. (KKR) that now holds a 35% stake in the business.

The company is divided into three Business Units with the following regional focus:

WILD Flavors GmbH owns state-of-the-art production facilities in Europe, the US, Canada, the Middle East, India, Japan and China and employs approximately 2,500 employees worldwide.

Product Range

With a heritage of more than 80 years in the industry, WILD Flavors is the leading global supplier of natural flavors, ingredients and systems for the Food and Beverage Industry. WILD products include flavors, colors, sweeteners and health ingredients as well as ready to market concepts and complete solutions. These products create value and innovation for customers in the beverage, dairy, savory, confectionary, baked goods, ice cream, cereal, snack and oral care markets.

Growth strategy and recent acquisitions

In 2011, local financing facilities were replaced by centrally negotiated credit lines including a EUR 250,000,000 Syndicated Loan Agreement as well as a EUR 55,000,000 German Private Placement.

These funds are being used to finance global growth which includes the extension of the product portfolio and the further expansion in the emerging markets, both through organic growth and acquisitions.

On November 1, 2011, WILD Flavors acquired all shares in A. M. Todd India Pvt. Ltd. and certain assets and liabilities of A. M. Todd and its applicable subsidiaries in the US, the UK and France. A. M. Todd operates production facilities in the US and India and has a leading position in the natural mint market with recognized competencies to create flavours, extracts and organic materials. Wild Flavors acquired A. M. Todd because it significantly enlarges the product portfolio and provides access to new customers and markets.

On June 29, 2012, WILD Flavors and Cargill entered into a sale of business agreement for the acquisition of production facilities and working capital positions relating to Cargill’s juice and blends business located in the Netherlands, the US and Japan. This acquisition further strengthens the access to raw materials and provides logistical advantages through production platforms closely located to top tier customers.

Financials

The key financial information shown below is prepared in accordance with IFRS and highlights the results of the anticipated growth strategy. Between 2010 and 2013, net sales increased by 74%. Total assets increased by 21% and equity attributable to the owners of the parent by 13% over the same time horizon.

WILD Flavors Group - Key Financial Information

Income Statement (for the year)      
  Proforma Actual
in MEUR 2010 2011 2012
Sales 587 650 838
% Growth   11% 29%
       
Balance Sheet (as per year end)      
Cash & Current Securities 28 79 34
Total Assets 1,170 1,334 1,350
       
Equity Attributable to Owners of Parent 769 794 798
Total Liabilities & Equity 1,170 1,334 1,350