Rice Starch Products to get a boost with Ingredion’s Thai Acquisition
Posted on : 05 Dec, 2016
Global ingredients provider– Ingredion is all set to acquire Thailand based Sun Flour Industry’s rice starch and rice flour business.
Starch production is one of Ingredion’s main business and the acquisition of this company in Thailand’s Banglen is expected to help Ingredion expand its higher-value specialty ingredients business.
Rice is a key ingredient and an ‘on trend’ product in the market now, given it qualities of gluten free, non-GMO and hypoallergenic. Being of superior functionality, rice is suitable for a vast array of products such as baby foods, dairy products, snacks and gluten-free bakery.
The acquisition is expected to leverage on Sun Flour Industries’ dominance in the Thai agricultural industry while Ingredion’s global presence to expand the rice business.
The acquisition awaits mandatory approval from Thai government authorities as well as to other customary closing conditions.
Thailand is the largest producer of corn for the starch industry. Rice is also a major cash crop for Thailand. The new acquisition opens new opportunities for the rice starch industry.
More about rice starch and starch markets in Asia will be discussed at 6th Starch World Asia on 16-17 January, 2017 in Ho Chi Minh.
Find out more from Ms. Huiyan at email@example.com or call +65 6346 9113.