Divestiture • Food

Ingredion Acquires National Starch

On June 21, 2010, Ingredion acquired food company National Starch from Akzo Nobel for 1.3B USD

Acquisition Context
  • This is Ingredion’s 3rd transaction in the Food sector.
  • This is Ingredion’s largest (disclosed) transaction.
  • This is Ingredion’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date June 21, 2010
Target National Starch
Sector Food
Buyer(s) Ingredion
Sellers(s) Akzo Nobel
Deal Type Divestiture
Deal Value 1.3B USD

Target Company

National Starch

United Kingdom
National Starch is a recognized innovator in food ingredients and specialty starches. The company sells specialty starches to both local and multinational customers in the food, papermaking, consumer and industrial markets. It has 2,250 employees around the world and operates 11 plants in eight countries.
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Buyer Overview 1

Buyer

Ingredion

Westchester, Illinois, United States

Category Company
Founded 1906
Sector Food
Employees11,200
Revenue 7.4B USD (2024)
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 Context for Buyer #
Overall 4 of 11
Sector: Food 3 of 9
Type: Divestiture 1 of 2
Country: United Kingdom 1 of 1
Year: 2010 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-12 GETEC Guanabara Quimica Industrial S.A.

Sao Goncalo, Brazil

GETEC Guanabara Quimica Industrial S.A. is a producer of polyols, including liquid sorbitol and mannitol, and anhydrous dextrose, for the personal care, food, candy and confectionary, and pharmaceutical markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Penford

Centennial, Colorado, United States

Penford Corporation is a U.S.-based leader in specialty ingredients for food and non-food applications.

Buy $340M

Seller Profile 1

SELLER

Akzo Nobel

Amsterdam, Netherlands

Category Company
Founded 1646
Sector Chemicals
Employees33,700
Revenue 10.7B EUR (2024)
DESCRIPTION

Akzo Nobel is a producer of decorative paints, performance coatings and specialty chemicals. Akzo Nobel was founded in 1646 and is based in Amsterdam, Netherlands.


Deal Context for Seller #
Overall 8 of 17
Sector: Food 1 of 1
Type: Divestiture 8 of 15
Country: United Kingdom 2 of 2
Year: 2010 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-23 Akzo Nobel - Iron Coagulant Business

Denmark

Akzo Nobel - Iron Coagulant Business in Sweden, Norway and Denmark comprises operations that engage in the sales of iron coagulants used for water treatment purposes. The business is located in Sweden, Norway and Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Akzo Nobel Coatings

Columbus, Ohio, United States

Akzo Nobel Coatings, Inc. is a paint distribution business consisting of 40 locations.

Sell -

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