INGREDION TO ACQUIRE CONTROLLING 75% STAKE IN PURECIRCLE

Transaction - Benefits Customers, Drives Growth Synergies & Significant Savings for Both Companies

CHICAGO, April 13 (Bernama-GLOBE NEWSWIRE) -- Ingredion Incorporated (INGR: NYSE) and PureCircle Limited (LSE: PURE), have announced today that they have reached agreement on the terms for Ingredion to acquire a controlling 75% stake in PureCircle, one of the leading producers and innovators of stevia sweeteners for the global food and beverage industries. Ingredion is a leading global provider of plant-based ingredient solutions to diversified industries.

The proposed acquisition has been approved by the boards of both companies. The companies expect the transaction to close during the second half of 2020 subject to approval by PureCircle’s shareholders and receipt of the required regulatory approvals. Until then, Ingredion and PureCircle will remain separate, independent companies with separate product portfolios and go-to-market teams.

Sugar reduction is one of Ingredion’s five specialties growth platforms and Ingredion is committed to invest in its growth. Stevia is a core product for the sugar reduction portfolio.

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