21 Sep 2017 These are interesting times in the field of supplier mergers & acquisitions, particularly when it comes to middle-market ingredient transactions of between US$50 million and US$1 billionin value. Recent moves have included Ingredion’s move to acquire TIC Gums at the end of 2016. A very interesting example of catering to the middle sector of the North America market was IFF’s launch of Tastepoint.
Chicago-based Tim Larsen works at investment bank Houlihan Lokey, where he is a member of the bank’s Consumer Food & Retail Group, focusing on food & beverage. FoodIngredientsFirst spoke to Tim about the current market for middle-market M&A in ingredients. He began by asking Tim what’s behind the spate of recent activity in this space.