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|INGREDION COMPLETES ACQUISITION OF KERR CONCENTRATES, INC.|
WESTCHESTER, Ill., August 3, 2015 - 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."
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602