Acquisition will give specialty chemicals company a presence in the US.

Michael Shrear joins from company’s domestic sales team.

Milk Buds Plus offers a lower-cost ingredient to reduce the use of lipidized milk and cream.

Analysts expect volatile outlook for commodities markets.

They include expanding into new eating occasions and dropping SKUs in Europe.

Company aims to improve its competitiveness.

New CEO seeking to grow reach of regional brands.

Several ingredient prices backed off from 2021 but remained historically high.

Global and domestic events support higher wholesale and retail ingredient prices.

Liam Killeen has been tapped to lead Wells once the deal has been completed.