Ingredion to acquire controlling 75 percent stake in PureCircle
Transaction will benefit customers, drive growth synergies & provide significant savings for both companies
Ingredion Incorporated (INGR: NYSE) and PureCircle Limited (LSE: PURE), have announced that they have reached agreement on the terms for Ingredion to acquire a controlling 75 percent stake in PureCircle, a producer of stevia sweeteners for the global food and beverage industries. Ingredion is a global provider of plant-based ingredient solutions to diversified industries.
The proposed 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.