US agribusiness giant Cargill announced today (Tuesday) that it intends to acquire the global pectin business of Citrico, a manufacturer and international supplier of citrus products for the food, beverage and pharmaceutical industries.
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Cargill has not previously supplied pectin so the acquisition will strengthen the company’s existing texturising and stabilising ingredient portfolio and facilitate the creation of value and growth for customers, it said.
“The acquisition of Citrico’s pectin business will support Cargill’s strategy of becoming a leading provider of specialty ingredients and ingredient systems to food and beverage companies globally, and provides a number of customer benefits”, said Robert Parmelee, president, Cargill food system design.
By integrating Citrico’s pectin business with the Cargill / Cerestar specialty starches and xanthan gum business, the company will be better positioned to deliver unique, high value solutions to food and beverage companies worldwide, it said.
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