Ingredient suppliers announce, acquisitions, team expansions and product innovation
Formulation innovation and high-level collaborations incite progress
Westchester, Ill.-based Ingredion Inc. signed an agreement with James Cameron and Suzy Amis Cameron to acquire the remaining portion of ownership in Verdient Foods Inc. The acquisition includes a facility in Vanscoy, Saskatchewan, which currently is under construction. Once construction is complete on an adjacent facility, the company will operate two facilities in Vanscoy, Saskatchewan, which will produce a wide range of high-quality, sustainable, specialty pulse-based concentrates and flours from peas, lentils and faba beans, it says. Both facilities will manufacture and distribute pulse-based ingredients to global markets.
Tate & Lyle PLC, London, United Kingdom, signed an agreement to acquire an 85 percent shareholding in Chaodee Modified Starch Co. Ltd. (“CMS”), a tapioca modified food starch manufacturer located in Thailand. This investment extends the company’s presence in specialty tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern Thailand. The acquisition will enable Tate & Lyle to offer a broader range of tapioca-based solutions to meet customers’ needs for better tasting and clean label products.