Kerry completes US$1B acquisition of Niacet as Prinova expands portfolio with purchase of Ingredient House

IRELAND – Global taste and nutrition company Kerry has completed the acquisition of leading food protection and preservation technology supplier Niacet. 

The acquisition which was previously announced in June this year aims to complement Kerry’s extensive portfolio of food protection and preservation technologies and processes. 

A stronger Kerry portfolio coincides with strong consumer and market demand for technologies that preserve freshness, extend shelf life and reduce the global burden of food waste is accelerating.  

Niacet boasts of a range that includes both conventional and clean label solutions and has a clear leadership position in bakery and has cost-effective low-sodium preservation systems for meat and plant-based food.  

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Its acquisition will therefore help Kerry’s broad global customer base to solve the world’s most complex food protection challenges. 

“Reducing food waste is a key component of this, and one of the most effective ways to reduce food waste is through preservation where even one extra day of shelf life can have a hugely positive impact,” Edmond Scanlon, CEO of Kerry said.  

“We are excited to welcome the Niacet team to Kerry, where the combination of our two businesses have created a global leadership position in the preservation sector.” 

Kerry continues to co-create with customers to solve the most complex safety, shelf life, taste, nutrition, and appeal challenges they face as part of their preservation strategies. 

Last month, Kerry was granted a US patent protecting its process for curing meat or meat products using a natural, plant-based curing agent. 

Prinova expands ingredient portfolio 

Meanwhile, the Prinova Group LLC has agreed to acquire The Ingredient House, LLC, a supplier of sweeteners and other ingredients to the global food and beverage industry. 

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Based in Southern Pines, NC, The Ingredient House offers high-intensity sweeteners, polyols, hydrocolloids, soluble and insoluble fibers, and cultures.  

The company founded in 2006 also offers ingredients that are organic and Non-GMO Project verified. 

“We are excited to welcome The Ingredient House to the Prinova Group and are eager to have their innovative commercial team plug into our broader network,” said Don Thorp, president and chief executive officer for Prinova. 

 “The success of Prinova’s ingredient business has always been based on customer relationships, market expertise and a global presence.  TIH will contribute immensely to this offering, especially in the sweetener and polyol space.” 

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