M&A Deal Summary

Ingredion Acquires Verdient Foods

On January 1, 2018, Ingredion acquired food company Verdient Foods

Acquisition Highlights
  • This is Ingredion’s 8th transaction in the Food sector.
  • This is Ingredion’s 1st transaction in Canada.
  • This is Ingredion’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2018-01-01
Target Verdient Foods
Sector Food
Buyer(s) Ingredion
Deal Type Add-on Acquisition

Target

Verdient Foods

Vanscoy, Saskatchewan, Canada
website
Verdient Foods, Inc. is a producer of pulse-based protein concentrates and flours from peas for consumer food and animal nutrition applications. Verdient Foods is based in Vanscoy, Saskatchewan.

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Buyer(S) 1

Buyer

Ingredion

Westchester, Illinois, United States

website

Category Company
Founded 1906
Sector Food
Employees11,700
Revenue 7.9B USD (2022)
DESCRIPTION
Entrance to Ingredion's corporate headquarters in Westchester, Illinois.
Entrance to Ingredion's corporate headquarters in Westchester, Illinois.

Ingredion is a global ingredient solutions provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. Ingredion was founded in 1906 and is based in Westchester, Illinois.

DEAL STATS #
Overall 10 of 11
Sector (Food) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 TIC Gums

White Marsh, Maryland, United States

TIC Gums, Inc. is a provider of advanced texture systems to the food and beverage industry. TIC Gums enables food innovation by combining several types of texturizers into systems that work synergistically in foods and beverages.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 PureCircle

Chicago, Illinois, United States

PureCircle Ltd. is a producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry. The company leads the industry with the development of a vertically integrated, sustainable and natural supply chain. It has developed a broad portfolio of ingredient solutions and has pioneered such ingredients as Reb A, SG95, and breakthrough proprietary ingredient PureCircle Alpha, as well as PureCircle Flavors. PureCircle was formed in 2001 and is based in Chicago, Illinois.

Buy -
Mergr

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