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Ingredion to acquire Kerr Concentrates

Ingredion is to acquire Kerr Concentrates, a privately held producer of natural fruit and vegetable concentrates, purees and essences. The transaction of approximately $100 million is expected to close within 30 business days, pending customary closing conditions. “Kerr is a profitable company with an exciting portfolio of value-added ingredients that will broaden our current line […]

Ingredion is to acquire Kerr Concentrates, a privately held producer of natural fruit and vegetable concentrates, purees and essences. The transaction of approximately $100 million is expected to close within 30 business days, pending customary closing conditions.

“Kerr is a profitable company with an exciting portfolio of value-added ingredients that will broaden our current line of wholesome, clean-label solutions. Kerr transforms fruits and vegetables into natural ingredients that resonate with consumers and are increasingly in demand by customers,” said Ilene Gordon, Ingredion CEO. “This is an opportunity to grow Kerr’s portfolio with our advanced technologies and product-development capabilities. And we intend to expand the business with our broad customer network and global presence.

The trend toward simple ingredients is rapidly growing and the Kerr acquisition is another step in expanding its clean-label ingredient portfolio, Ingredion said

“This extends our clean-label offerings beyond ingredient solutions made from corn, tapioca and potato, and we continue to look for acquisition opportunities in this space,” Gordon said.

Based in Salem, Oregon, Kerr operates two production facilities.