DALLAS — Fuerst Day Lawson Ltd. (FDL) has acquired taste and botanical extract producer Quest Substances Ltd., Hereford, England, for an undisclosed sum.
The acquisition is a part of FDL’s technique to develop its core markets and buyer primarily based in Europe and the USA.
“We consider the addition of Quest Substances is strategic and extremely complementary to FDL’s present portfolio of substances and formulated options,” mentioned Eric Beatty, chief government officer of FDL. “We’re excited to supply Quest Substances’ distinctive course of capabilities to present FDL prospects and develop providers to Quest Substances’ prospects with FDL’s merchandise and innovation capabilities.”
A subsidiary of personal fairness agency Highlander Companions, FDL specializes within the growth and manufacturing of style and diet ingredient options for quite a lot of meals and beverage purposes.
The corporate’s present product choices embody customized flavors, syrups, sauces, fruit preps, bakery substances, juices and juice blends.
With the acquisition, FDL provides Quest Substances’ line of taste purposes in baked meals, drinks, prescription drugs, vape juices and animal feed.
“This acquisition strengthens FDL’s capacity to ship personalized taste and botanical extracts throughout each buyer bases by increasing our capabilities and improvements experience,” mentioned Chaz Thomas, a director at Highland Companions. “We consider rising demand for personalized flavorings and well being enhancing pure substances will proceed to be prime of thoughts with our prospects, and Quest Substances is uniquely positioned to satisfy these wants.” Source