Business

Ingredion completes acquisition of PureCircle

Posted July 02, 2020 1:00 am

WESTCHESTER - Ingredion Inc. said it has completed its acquisition of PureCircle Limited, a global producer of plant-based stevia sweeteners and flavors for the food and beverage industry.

Terms of the acquisition were not announced.

PureCircle brings global innovation and manufacturing expertise to Ingredion, officials said. Tony DeLio will serve as chief executive officer of PureCircle in addition to his current responsibilities as the chief innovation officer of Ingredion, and SukGu Kim will become the chief financial officer of PureCircle. Most recently, Kim was the finance director for the Company's largest region in Asia-Pacific.

PureCircle is wholly owned by Ingredion's acquisition subsidiary, which is in turn 75% owned by Ingredion and 25% owned by former PureCircle shareholders.

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