Ingredion to acquire TIC Gums in $400m deal

By Elaine Watson

- Last updated on GMT

Ingredion to acquire TIC Gums in $400m deal

Related tags Board of directors

Ingredion has struck a $400m deal to acquire privately-held gums and hydrocolloids specialist TIC Gums.

The deal – which is expected to close by the end of the year - has been approved by Illinois-based Ingredion’s board of directors and the stockholders of TIC Gums, and will “expand Ingredion’s higher-value specialty portfolio and customer base in the fast-growing segment of small-to-medium-sized food and beverage companies that are driving industry innovation​,” said Ingredion chairman and CEO Ilene Gordon.

TIC Gums’ and Ingredion’s strengths complement each other perfectly… This acquisition propels us into a new era of on-trend texture development with even more solutions for organic and clean-label demands.”

TIC Gums president Gregory Andon added: “By coming together, we will truly be able to focus on the correct technical solutions for our customers whether they be starch, gum or systems containing both. Ingredion’s global footprint will enable us to achieve our geographical expansion goals much faster than we otherwise could on our own.”

Maryland-based TIC Gums​ – which operates production facilities and R&D labs in the US and China - conducts business worldwide and employs more than 200 people.  

Related news

Related products

show more

Oat Beta-glucan – Clean Label Texturizer

Oat Beta-glucan – Clean Label Texturizer

Content provided by Lantmännen Biorefineries AB | 21-Nov-2023 | White Paper

In today's health-conscious world, consumers seek transparent labels and natural ingredients.

Sustainable Sweetening Solutions from ADM

Sustainable Sweetening Solutions from ADM

Content provided by ADM | 13-Oct-2023 | Product Brochure

ADM understands sweetness—and sustainable sourcing. Not only do we have the industry’s most comprehensive portfolio of sweetening solutions, we also are...

Related suppliers

Follow us


View more