The multinational food giant Unilever purchased Talenti Gelato & Sorbetto in December. Terms of the transaction were not disclosed. The purchase represents additional investment in the frozen dessert category.
The purchase is said to expand Ingredion's higher-value specialty portfolio, establish manufacturing of specialty potato starches in North America, and build its presence in nature-based hydrocolloid ingredients.
October 15, 2014
Ingredion, a global provider of ingredient solutions for dairy foods and beverages, plans to acquire Penford Corp., a U.S.-based supplier of specialty ingredients.