Ingredion to Acquire TIC Gums
Ingredion looks to leverage TIC Gums’ portfolio of gum acacia and guar ingredients, among others.
Photo © iStockphoto.com/StudioThreeDots
Ingredients firm Ingredion Inc. (Westchester, IL) plans to acquire TIC Gums Inc. (White Marsh, MD), a leading specialist in gums and hydrocolloid technology for foods and beverages, for $400 million by the end of the year. According to an Ingredion press release, TIC Gums’ “expertise with gum-based texturizers complements Ingredion’s expertise in starch technology, opening the door to new texture solutions for today’s food formulations.”
Ingredion looks to leverage TIC Gums’ portfolio of gum acacia and guar ingredients, among others. “This acquisition propels us into a new era of on-trend texture development and even more solutions for organic and clean-label demands,” said Ilene Gordon, Ingredion chairman and CEO, in a press release.
TIC Gums has two production facilities, one in the U.S. and one in China, and employs more than 200 people.
Also read:
Lonza Announces Interest in Acquiring Capsugel
2016 Dietary Supplement Mergers & Acquisitions' Driving Forces
Jennifer Grebow
Editor-in-Chief
Nutritional Outlook magazine
jennifer.grebow@ubm.com
Rousselot to showcase new collagen peptide research and targeted solutions at Vitafoods Europe 2024
April 25th 2024The company will be highlighting new research that demonstrates the ability of its Peptan collagen peptide brand to support sleep quality, reduce gastrointestinal discomfort, and enhance skin health, including density, hydration, and elasticity.
