Ingredion plans to acquire Kerr Concentrates, Inc., a privately held producer of natural fruit and vegetable concentrates, purees and essences for US$100 million.
“Kerr is a profitable company with an exciting portfolio of value-added ingredients that will broaden our current line of wholesome, clean-label solutions,” said Ingredion CEO Ilene Gordon.
“Kerr transforms fruits and vegetables into natural ingredients that resonate with consumers and are increasingly in demand by customers.”
Kerr’s ingredients can be used to enhance the nutrition, texture, flavor and appearance of a number of foods and beverages such as smoothies, juices, dairy products and baked goods to soups and dressings.
An ingredient can add color, flavor and texture to food or beverage products, making it possible to simplify the ingredient list.
“This extends our clean-label offerings beyond ingredient solutions made from corn, tapioca and potato, and we continue to look for acquisition opportunities in this space,” Gordon explained.
Kerr operates two production facilities on Oregon, US.
