Add-on Acquisition • Beverages

Ingredion Acquires Kerr Concentrates

On July 8, 2015, Ingredion acquired beverage company Kerr Concentrates for 100M USD

Acquisition Context
  • This is Ingredion’s 1st transaction in the Beverages sector.
  • This is Ingredion’s 4th largest (disclosed) transaction.
  • This is Ingredion’s 4th transaction in the United States.
  • This is Ingredion’s 1st transaction in Oregon.

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M&A Deal Summary

Date July 8, 2015
Target Kerr Concentrates
Sector Beverages
Buyer(s) Ingredion
Deal Type Add-on Acquisition
Deal Value 100M USD

Target Company

Kerr Concentrates

Salem, Oregon, United States
Kerr Concentrates, Inc. is a producer of fruit and vegetable concentrates, purees and essences. Each product or custom blend upholds the integrity and richness of the raw fruits and vegetables that goes into it.
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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 6 of 11
Sector: Beverages 1 of 1
Type: Add-on Acquisition 5 of 9
State: Oregon 1 of 1
Country: United States 4 of 6
Year: 2015 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Shandong Huanong Specialty Corn Development Co.

Pingyuan, China

Shandong Huanong Specialty Corn Development Co. Ltd. is a manufacturer of food ingredients. The company is based in Pingyuan, China.

Buy -