Ingredion to acquire controlling stake in stevia producer PureCircle
Transaction set to close in second half of 2020.
Ingredion is set to acquire a 75 percent controlling stake in PureCircle, a leading producer of stevia sweeteners for the global food and beverage industries.
The acquisition has been approved by the boards of both companies. The companies expect the transaction to close during the second half of 2020, subject to approval by PureCircle’s shareholders and receipt of the required regulatory approvals. Until then, Ingredion and PureCircle will remain separate, independent companies with separate product portfolios and go-to-market teams.