M&A Deal Summary

Ingredion Acquires TIC Gums

On December 20, 2016, Ingredion acquired food company TIC Gums for 400M USD

Acquisition Highlights
  • This is Ingredion’s 7th transaction in the Food sector.
  • This is Ingredion’s 2nd largest (disclosed) transaction.
  • This is Ingredion’s 5th transaction in the United States.
  • This is Ingredion’s 1st transaction in Maryland.

M&A Deal Summary
Date 2016-12-20
Target TIC Gums
Sector Food
Buyer(s) Ingredion
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

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.

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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 9 of 11
Sector (Food) 7 of 9
Type (Add-on Acquisition) 7 of 9
State (Maryland) 1 of 1
Country (United States) 5 of 6
Year (2016) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-17 Sun Flour - Rice Starch & Rice Flour Business

Thailand

Sun Flour - Rice Starch & Rice Flour Business comprises that produces rice starch and rice flour.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Verdient Foods

Vanscoy, Saskatchewan, Canada

Verdient Foods, Inc. is a producer of pulse-based protein concentrates and flours from peas for consumer food and animal nutrition applications. Verdient Foods is based in Vanscoy, Saskatchewan.

Buy -
Mergr

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