Ingredion Completes Kerr Concentrates Acquisition
04 Aug 2015 --- Ingredion has successfully completed the acquisition of Kerr Concentrates, Inc., a privately held producer of natural fruit and vegetable concentrates, purees and essences, for approximately $100 million.
"We are pleased to welcome Kerr into the Ingredion family. Kerr's portfolio of value-added ingredients made from fruits and vegetables resonate with consumers. We are excited to expand our portfolio of wholesome, clean-label solutions to help customers develop products that are on trend and in demand," said Ilene Gordon, Ingredion CEO.
Gordon added, "We look forward to growing this business using our advanced technologies and product-development capabilities, as well as through our broad customer network and global presence."
Kerr’s ingredients uphold the integrity and richness of raw fruits and vegetables while providing multiple functionalities. These ingredients can be used to enhance the nutrition, texture, flavor and appearance of a number of foods and beverages across a wide variety of categories, from smoothies, juices, dairy products and baked goods to soups and dressings. A single ingredient can add color, flavor and texture to food or beverage products, making it possible to simplify the ingredient list.
Based in Salem, Oregon, Kerr operates two production facilities with state-of-the-art capabilities to ensure consistent quality, efficiency, and safety through process design, automation, and innovation.
