Expanding its global distribution presence, Prinova Group LLC, a NAGASE Group Company, has entered into a definitive agreement to acquire industry expert The Ingredient House, LLC ("TIH"). TIH has a significant presence in the sweetener, polyol, and specialty ingredient sectors both in the U.S. and internationally. This purchase represents another stride forward in Prinova's long history of growth in the ingredient distribution space.
Founded in 2006 and headquartered in Southern Pines, North Carolina, The Ingredient House is a quality-focused supplier of ingredients to the global food and beverage industry. TIH has experienced substantial growth since its inception through strategic partnerships with global branded customers and offshore manufacturers. The key to TIH's success is its implementation of and adherence to improved quality standards to consistently deliver the global supply chain needs of its food and beverage customers.
Headquartered Carol Stream, IL and privately owned for 40 years, Prinova was acquired by Nagase & Co., Ltd., based in Tokyo, in 2019. Since then, Prinova has experienced substantial growth in flavor manufacturing, premix manufacturing, and its flagship ingredient distribution offering. This acquisition is an opportunity for Prinova to further leverage industry relationships and integrate The Ingredient House's unique supply chain advantages into its existing business.
Prinova President and CEO Don Thorp commented: "We are excited to welcome The Ingredient House to the Prinova Group and are eager to have their innovative commercial team plug into our broader network. The success of Prinova's ingredient business has always been based on customer relationships, market expertise and a global presence. TIH will contribute immensely to this offering, especially in the sweetener and polyol space."
Graham Hall, CEO at The Ingredient House, echoed Thorp's enthusiasm, saying: "Through our 15-year history, TIH has strived to partner closely with our customers and suppliers to deliver upon our commitment to Quality, Service and Reliability. This has been the cornerstone of our growth over many years. Through an integration with Prinova, we see tremendous synergy potential through access to a much broader ingredient portfolio and manufacturing resources that will deliver significant value to our customers and our suppliers."