Ingredion completes acquisition of PureCircle

The acquisition positions Ingredion to deliver plant-based, low calorie sugar alternatives addressing the trend to reduce sugar in consumers’ diets.

 

Ingredion has completed its acquisition of PureCircle, a producer of plant-based stevia sweeteners and flavours. PureCircle brings innovation and manufacturing expertise, enabling Ingredion to leverage its global go-to-market model, formulation capabilities and broad ingredient portfolio.

Jim Zallie, president and CEO of Ingredion, commented: “PureCircle provides substantial growth potential that is aligned with our strategy to create long-term shareholder value. We have always had respect for the PureCircle team and the business they have built over the last two decades.

“We are excited to welcome them to the Ingredion family. Most importantly, our team stands ready to drive new growth opportunities that are fully aligned with consumers’ preferences for plant-based alternatives that are sustainable, good for the environment and taste great.”

Following the acquisition, Tony DeLio will serve as CEO of PureCircle in addition to his responsibilities as the chief innovation of Ingredion. He said: “Our go-to-market model and formulation expertise will be complementary when combined with PureCircle’s position and innovation capabilities. Through their industry leadership, PureCircle has created outstanding customer relationships, which we will look forward to building upon in the future.”