Ingredion Incorporated has entered into a stock purchase agreement to acquire all of the outstanding shares of TIC Gums Incorporated, a privately held, US-based company that provides advanced texture systems to the food and beverage industry.
Its expertise with gum-based texturizers complements Ingredion’s expertise in starch technology and texture solutions.
TIC Gums enables food innovation by combining several types of texturizers into systems that work synergistically in foods and beverages.
The company has access to a variety of agriculturally derived ingredients, such as gum acacia and guar, and a deep understanding of their performance.
These nature-based ingredients form the foundation for innovative texture systems and allow for clean-label reformulation.
Ingredion expects to fund the US$400 million cash transaction with available cash and short-term credit.
TIC operates two production facilities, one in the US and the other in China, and research and development labs in both countries.
The company conducts business worldwide and employs more than 200 people.
