Ingredion Inc., Westchester, IL, announced today that it has agreed to acquire Kerr Concentrates Inc., a privately held producer of natural fruit and vegetable concentrates, purees and essences based in Salem, OR. The transaction of approximately $100 million is expected to close within 30 business days, pending customary closing conditions.
“Kerr is a profitable company with an exciting portfolio of value-added ingredients that will broaden our current line of wholesome, clean-label solutions,” says Ilene Gordon, Ingredion CEO. “Kerr transforms fruits and vegetables into natural ingredients that resonate with consumers and are increasingly in demand by customers.”