ADM acquires Flotek’s consumer division Florida Chemical for US$175m

USA - Archer Daniels Midland company (ADM) has reached an agreement to acquire Winter Haven based producer and distributor of essential oils and citrus isolates, Florida Chemical Company (FCC) for a total consideration of US$175 million. The deal, subject to post-closing working capital and other adjustments will be funded in cash and expected to close in the…