Chicago, IL—Prinova Group, LLC, has entered into a definitive agreement to acquire The Ingredient House (TIH). TIH has a “significant” presence in the sweetener, polyol, and specialty ingredient sectors both in the U.S. and internationally, according to a press release.
Prinova President and CEO Don Thorp commented: “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. 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.”
Founded in 2006 and headquartered in Southern Pines, NC, TIH supplies ingredients to the global food and beverage industry. The company is highly focused on quality, allowing it to consistently meet the needs of its customers.
Graham Hall, CEO at The Ingredient House, added: “Through our 15-year history, TIH has strived to partner closely with our customers and suppliers to deliver upon our commitment to Quality, Service and Reliability. This has been the cornerstone of our growth over many years. Through an integration with Prinova, we see tremendous synergy potential through access to a much broader ingredient portfolio and manufacturing resources that will deliver significant value to our customers and our suppliers.”