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WESTCHESTER, Ill., Aug 4, 2015 - (ACN Newswire) - Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today announced that it has successfully completed the acquisition of Kerr Concentrates, Inc., a privately held producer of natural fruit and vegetable concentrates, purees and essences, for approximately $100 million.
"We are pleased to welcome Kerr into the Ingredion family. Kerr's portfolio of value-added ingredients made from fruits and vegetables resonate with consumers. We are excited to expand our portfolio of wholesome, clean-label solutions to help customers develop products that are on trend and in demand," said Ilene Gordon, Ingredion CEO.
Gordon added, "We look forward to growing this business using our advanced technologies and product-development capabilities, as well as through our broad customer network and global presence."
ABOUT INGREDION
Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients and biomaterial solutions. With customers in more than 100 countries, Ingredion serves approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit www.ingredion.com.
CONTACT:
Investors: Heather Kos, +1-708-551-2592
Media: Claire Regan, +1-708-551-2602
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire
Topic: Merger & Acquisition
Source: Ingredion Incorporated
https://www.acnnewswire.com
From the Asia Corporate News Network
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