Ingredion: Expands Specialty Ingredient Portfolio With Acquisition

Westchester / IL. (gnw) Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage industry, announced 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.»

About KaTech

Founded in 2010, KaTech has four locations: two in Germany, one in the United Kingdom, and one in Poland with approximately 95 employees. The company develops bespoke food system solutions designed to help its customers bring products to market faster, solve technical problems and optimize product costs. KaTech has a strong focus on plant-based, dairy and dairy alternatives, meat and fish, savory, and bakery products providing a high level of technical expertise and formulation capabilities for texturization and stabilization and clean and simple formulations. The company has expertise both in ingredient functionality and applications including areas, such as stabilization, texture enhancement, protein protection and enrichment, mouthfeel improvement, and emulsification.

About Ingredion

Ingredion Incorporated headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2020 annual net sales of USD 6 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers around the world and approximately 12,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better.