Ingredion Acquires Purecircle To Expand Plant-Based Portfolio
Tuesday, July 7th, 2020 | 664 Views
Ingredion Incorporated has announced the completion of its acquisition of PureCircle Limited, the leading producer and innovator of plant-based stevia sweeteners and flavours for the food and beverage industry. PureCircle brings global innovation and manufacturing expertise, enabling Ingredion to leverage its global go-to-market model, formulation capabilities and broad ingredient portfolio.
“This is a significant step forward as we advance our Driving Growth Roadmap and further align our sugar reduction and specialty sweetener platform to the megatrends in the food and beverage industry,” said Jim Zallie, Ingredion’s president and chief executive officer.
“PureCircle provides substantial growth potential that is aligned with our strategy to create long-term shareholder value. We have always had tremendous respect for the PureCircle team and the business they have built over the last two decades. We are excited to welcome them to the Ingredion family. Most importantly, our team stands ready to drive new growth opportunities that are fully aligned with consumers’ preferences for plant-based alternatives that are sustainable, good for the environment and taste great.”
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