Divestiture • Food

Ingredion Acquires Sun Flour - Rice Starch & Rice Flour Business

On August 17, 2016, Ingredion acquired food company Sun Flour - Rice Starch & Rice Flour Business from Sun Flour Industry Co. ltd.

Acquisition Context
  • This is Ingredion’s 6th transaction in the Food sector.
  • This is Ingredion’s 1st transaction in Thailand.

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M&A Deal Summary

Date August 17, 2016
Target Sun Flour - Rice Starch & Rice Flour Business
Sector Food
Buyer(s) Ingredion
Sellers(s) Sun Flour Industry Co. ltd.
Deal Type Divestiture

Target Company

Sun Flour - Rice Starch & Rice Flour Business

Thailand
Sun Flour - Rice Starch & Rice Flour Business comprises that produces rice starch and rice flour.
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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 8 of 11
Sector: Food 6 of 9
Type: Divestiture 2 of 2
Country: Thailand 1 of 1
Year: 2016 2 of 3
PREVIOUS 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 -
FOLLOWING 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

Seller Profile 1

SELLER

Sun Flour Industry Co. ltd.

Nakornpathom, Thailand

Category Company
Founded 1993
Sector Food
DESCRIPTION

Sun Flour Industry Co. ltd. offers the best quality of Thai glutinous rice flours, Thai regular rice flours, and various types of blend. Company has come a long way in playing important role in the manufacturing of glutinous and regular rice flour, company exports and has established itself among many producers of the best quality rice flours in Thailand.


Deal Context for Seller #
Overall 1 of 1
Sector: Food 1 of 1
Type: Divestiture 1 of 1
Country: Thailand 1 of 1
Year: 2016 1 of 1

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