M&A Deal Summary

Ingredion Acquires Nurture Advanced Oat Technologies

On October 28, 2006, Ingredion acquired food company Nurture Advanced Oat Technologies from Striker Partners

Acquisition Highlights
  • This is Ingredion’s 1st transaction in the Food sector.
  • This is Ingredion’s 1st transaction in the United States.
  • This is Ingredion’s 1st transaction in New York.

M&A Deal Summary

Date 2006-10-28
Target Nurture Advanced Oat Technologies
Sector Food
Buyer(s) Ingredion
Sellers(s) Striker Partners
Deal Type Add-on Acquisition
Advisor(s) J.H. Chapman Group (Financial)

Target

Nurture Advanced Oat Technologies

New York, New York, United States
Nurture is an innovator in natural, bio-active ingredient technologies from oats for use in nutraceutical and cosmeceutical market applications. Nurture manufactures and sells a proprietary family of all-natural, oat based ingredients with value-added properties for a broad spectrum of applications, including pharmaceutical, nutritional, and personal care, with associated uses in agrochemical and industrial market segments. Nurture's lead product, OatVantage™, which naturally lowers cholesterol, and carries with it the FDA's heart healthy claim, has been formulated into numerous dietary supplement and functional food applications.

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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 1 of 11
Sector (Food) 1 of 9
Type (Add-on Acquisition) 1 of 9
State (New York) 1 of 1
Country (United States) 1 of 6
Year (2006) 1 of 1
FOLLOWING 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 -

Seller(S) 1

SELLER

Striker Partners

Wayne, Pennsylvania, United States

Category Family Office
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Striker Partners is a privately held, family backed investment firm that makes control equity investments in growth businesses with less than $30 million in revenue. Striker primarily seeks niche-manufacturing and business service companies, but will consider investments in most industries. Striker looks to commit $5 to $15 million of equity per transaction in companies with $1 to $5 million of EBITDA. Striker's geographic coverage spans the US with a preference for businesses located in the Eastern US. Striker is an investment affiliate of the privately held Graham Group, a family-based global industrial and investment concern. Striker Partners was formed in 1998 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 2 of 8
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (New York) 1 of 1
Country (United States) 2 of 8
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-17 Larex

White Bear Lake, Minnesota, United States

Larex is the world's leading supplier of a natural compound called Arabinoglactan (“AG”). AG is a colorless, odorless, and tasteless prebiotic fiber and immune enhancing ingredient extracted from the Larch tree and used in the dietary supplement, food & beverage, personal care, and animal health markets. Larex's customer base includes, among others, Pepsi Co., Kraft, Odwalla, Natrol, EAS, Bristol-Myers Squibb Co., and Elizabeth Arden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 LaserGrade

Vancouver, Washington, United States

Striker Partners, in partnership with an experienced professional and educational testing industry management team, acquired LaserGrade Computer Testing in August 2004. LaserGrade provides computerized occupational and professional licensure and certification testing via its own delivery software, and that of its IT marketing partners, through a network of over 1,000 third-party test sites nationwide

Sell -