Ingredion is set to acquire a 75 percent controlling stake in PureCircle, a leading producer of stevia sweeteners for the global food and beverage industries.
Westchester, Ill.-based Ingredion Inc., a leading global supplier of ingredient solutions, signed off on a $400-million stock purchase agreement Tuesday to acquire all of the outstanding shares of TIC Gums Inc., a privately held, U.S. company that provides advanced texture systems to the food and beverage industry.
Ingredion Inc., known for its nature-based sweeteners, starches, and nutrition ingredients and biomaterial solutions, will acquire the assets of Kerr Concentrates, Inc.