September 13 2021, David R Brown
Prinova Group LLC, a NAGASE Group Company, is to acquire US ingredient distributor, The Ingredient House, LLC
Prinova Group LLC ("Prinova"), a NAGASE Group Company, has entered into a definitive agreement to acquire The Ingredient House, LLC ("TIH"), an ingredient distributor with a significant presence in the sweetener, polyol and specialty ingredient sectors both in the U.S. and internationally. The purchase expands Prinova's global distribution presence and represents another step forward in Prinova’s long history of growth in the ingredient distribution marketspace.
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
Don Thorp
Prinova President and CEO
Founded in 2006 and headquartered in Southern Pines, North Carolina, The Ingredient House is a supplier of ingredients to the global food and beverage industry. TIH has experienced substantial growth since its inception through strategic partnerships with global branded customers and offshore manufacturers. Key to TIH's success is its implementation of and adherence to improved quality standards to consistently deliver the global supply chain needs of its food and beverage customers.
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.”
Headquartered Carol Stream, IL and privately owned for 40 years, Prinova was acquired by Nagase & Co., Ltd. (“Nagase”), based in Tokyo, in 2019. Since then, Prinova has experienced substantial growth in flavor manufacturing, premix manufacturing, and its flagship ingredient distribution offering. The acquisition is an opportunity for Prinova to further leverage industry relationships and integrate The Ingredient House's unique supply chain advantages into its existing business.
About Prinova Group and Nagase
Headquartered Carol Stream, IL, Prinova has been providing high-quality ingredients, flavors, nutrient premixes, and value-added solutions to the food, beverage and nutrition industries for over 40 years. As a world-leading distributor of functional ingredients, Prinova utilizes a global network to help its customers gain the strategic advantage they need to drive their business forward. Prinova was acquired by Nagase & Co., Ltd. in 2019. Founded in 1832, Nagase offers global trading services of chemicals, plastics, electronics materials, cosmetics, and food ingredients. With more than 100 Group companies in 30 countries and regions, Nagase offers unique values to customers by combining group functions of manufacturing, processing, and R&D.
Source(s): Prinova Press Release