Jungbunzlauer, a Swiss producer of biodegradable ingredients of natural origin, has agreed to acquire Ingredion's manufacturing facility in Port Colborne, Ontario, Canada.
Upon completion of the acquisition, the Ingredion plant will be dedicated to glucose production for fermentation purposes.
This is expected to bolster Jungbunzlauer's efficiency and improve its competitive position in the ingredients sector.
Currently, Jungbunzlauer produces citric acid, xanthan gum, gluconates, lactics, specialties, special salts and sweeteners for the food, beverage, pharmaceutical and cosmetic industries.
Jungbunzlauer CEO Tom Knutzen said: "We achieve sustainability by combining state-of-the-art processes and manufacturing technology while locating close to the main inputs, such a corn, energy and water.
"The acquisition of the Ingredion facility documents our commitment to both the region and our strategy to build competitiveness through a leading sustainability position."
Ingredion is selling its Port Colborne facility to optimize its network to control fixed costs and ensure efficient use of resources as it is seeking to focus on its higher-value specialty ingredient portfolio.
It is a specialist provider of nature-based sweeteners, starches and nutrition ingredients and biomaterial solutions.
