Ingredion expands specialty ingredient portfolio with acquisition of KaTech
Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, announced today that it has acquired KaTech, a privately-held company headquartered in Lübeck, Germany that provides advanced texture and stabilization solutions to the food and beverage industry. The acquisition complements Ingredion’s existing specialty ingredient portfolio by expanding its Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance. Terms of the acquisition were not disclosed.
“KaTech has deep food formulation expertise which complements our leading texture business in Europe,” said Jim Zallie, Ingredion's president and chief executive officer. “The addition of KaTech enhances our ability to formulate customized, complete food solutions leveraging Ingredion’s expanded ingredient portfolio. It also expands the geographic footprint of our Food Systems growth platform complementing our positions in the U.S. and Asia.”
“We are committed to working together to continue to meet KaTech’s customers’ needs and building upon their world-class reputation in specialties for technical depth, applications know-how, and innovative texturizing solutions that create value for foods and beverages,” said Pierre Perez y Landazuri, Ingredion’s senior vice president, texture, protein and performance specialties.
“Our customers will benefit from a comprehensive suite of nature-based ingredients with access to tailored solutions and unrivalled speed to market,” added Mike O’Riordan, Ingredion’s president of Europe, Middle East and Africa (EMEA). “Ingredion’s complementary geographic reach will enable the KaTech business to thrive and continue growing.”
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