M&A Deal Summary

Ingredion Acquires Kerr Concentrates

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2015-07-08
Target Kerr Concentrates
Sector Beverages
Buyer(s) Ingredion
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

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(S) 1

Buyer

Ingredion

Westchester, Illinois, United States
Category Company
Founded 1906
Sector Food
Employees12,000
Revenue 8.2B USD (2023)
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 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

Pingyuan, China

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

Buy -
Mergr

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