Houlihan Lokey's Consumer, Food & Retail Group is pleased to announce that Ingredion Incorporated (NYSE: INGR) has acquired TIC Gums, Inc. for $400 million in cash. The transaction closed on December 29, 2016.
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions provider. The Company turns grains, fruits, vegetables, and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing, and other industries. Serving customers in over 100 countries, the Company's ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger, and add fiber to nutrition bars.
TIC Gums is a leader in providing advanced texture and stability solutions using gum and hydrocolloid ingredient technology. Food and beverage companies worldwide rely on TIC Gums to improve the quality, consistency, and sensory experiences of their products. Legendary customer service, high-quality standards, and the unrivaled knowledge of TIC's food scientists, known as the Gum Gurus®, have made TIC Gums the industry leader in gums and hydrocolloids for more than 100 years.
Together, Ingredion and TIC Gums offer the widest range of texture capabilities, superior formulation expertise and rapid response to customer needs.