Benzinga | Apr 1, 2021 07:12AM EDT

Ingredion Acquires KaTech; Financial Terms Not Disclosed

Ingredion Incorporated (NYSE:INGR), a leading global provider of ingredient solutions to the food and beverage industry, announced today that it has acquired KaTech, a privately held company headquartered in L?beck, Germany that provides advanced texture and stabilization solutions to the food and beverage industry. The acquisition complements Ingredion's existing specialty ingredient portfolio by expanding its Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality and technical assistance. Terms of the acquisition were not disclosed.