Who Owns TIC Gums?
TIC Gums is owned by Ingredion Incorporated, a leading global ingredient solutions company. TIC Gums was founded in 1970 and is headquartered in White Plains, New York. Ingredion acquired TIC Gums in December 2016 for approximately $400 million, making it a wholly-owned subsidiary of the publicly traded Ingredion Incorporated (NYSE: INGR).
Parent Company
Ingredion Incorporated
Acquired
2016
Status
Publicly Traded
Headquarters
White Plains, New York, USA
Who Owns TIC Gums?
- Parent Company: Ingredion Incorporated
- Ownership Type: Wholly owned
- Acquisition Year: 2016
- Company Type: Publicly Traded
- Stock Ticker: NYSE: INGR
| Brand | Parent Company | Ownership Type |
|---|---|---|
| TIC Gums | Ingredion Incorporated | Wholly owned |
History of TIC Gums
- Founded: 1970
- Founders: TIC Gums Inc. (internal development)
- Acquired by Ingredion Incorporated: 2016
TIC Gums was founded in 1970 as an independent specialty ingredient company focused on developing and commercializing hydrocolloid gum systems for food and beverage applications. The company's name reflects its founding focus on the technical and industrial applications of gums, which are a class of hydrocolloid ingredients derived from natural sources including plants, seeds, and microbial fermentation.
Hydrocolloids are ingredients that form gels or viscous solutions when dispersed in water, making them valuable for controlling texture, stability, and mouthfeel in food and beverage products. TIC Gums developed expertise in formulating blends of different gum types to achieve specific functional properties for customer applications, a technically demanding capability that requires deep knowledge of how different hydrocolloids interact with each other and with other food ingredients.
The company's White Plains, Maryland location placed it in the mid-Atlantic region of the United States, with proximity to food manufacturers in the Northeast and Mid-Atlantic markets. TIC Gums built its business serving food and beverage companies seeking customized stabilizing and texturizing solutions, with a particular focus on smaller and mid-sized innovative companies that required more technical support and customization than large commodity ingredient suppliers could provide.
Throughout the 1980s, 1990s, and 2000s, TIC Gums expanded its product portfolio and technical capabilities, developing proprietary gum blend formulations for applications including dairy products, beverages, sauces, dressings, baked goods, and other food categories. The company's technical service capability, which helped customers select and optimize gum systems for their specific applications, became a key competitive differentiator.
By the mid-2010s, TIC Gums had established itself as a leading specialty hydrocolloid supplier with revenues that made it an attractive acquisition target for larger ingredient companies seeking to expand their specialty portfolios. The company's customer base among innovative small and mid-sized food companies was particularly valuable, as this segment was growing rapidly due to the proliferation of specialty food brands and the clean-label trend.
In December 2016, Ingredion Incorporated acquired TIC Gums for approximately $400 million in cash. The acquisition price reflected TIC Gums' strong market position in specialty hydrocolloids and the strategic value of its customer relationships among innovative food companies. Ingredion's rationale for the acquisition was to add TIC Gums' hydrocolloid expertise and customer base to its existing specialty ingredients portfolio, complementing its starch, sweetener, and other functional ingredient products.
Following the acquisition, TIC Gums continued to operate from its White Plains, Maryland base under its established brand identity. The TIC Gums brand carries strong recognition in the specialty food ingredient market, and Ingredion has maintained it as a distinct brand within its portfolio.
About Ingredion Incorporated
Ingredion Incorporated is a leading global ingredient solutions company providing starches, sweeteners, and specialty ingredients to food, beverage, and industrial customers worldwide. The company serves customers in over 120 countries with a portfolio of innovative products designed to improve taste, texture, nutrition, and functionality of food and beverage products.
Headquartered in Westchester, Illinois, Ingredion operates a global network of manufacturing facilities and innovation centers. The company has strategically expanded its operations through targeted acquisitions, including PureCircle (2020), TIC Gums (2016), Penford (2015), and Kerr Concentrates (2015), strengthening its position in specialty ingredients and sweetener markets.
- Founded: 1906
- Headquarters: Westchester, Illinois, USA
- Company Type: Publicly Traded
- Stock: NYSE: INGR
Where Is TIC Gums Made / Based?
- Headquarters: White Plains, New York, USA
- Manufacturing / Operations: United States, Europe, Asia
Brands Owned by Ingredion Incorporated
- KaTech - Specialty texture and stabilization solutions provider offering innovative ingre...
- Kerr Concentrates - Natural fruit and vegetable concentrates and purees producer providing clean-lab...
- Penford - Specialty starch producer providing potato starch derivatives and functional ing...
- PureCircle - Leading provider of stevia-based sweeteners and natural ingredients for food and...
- Verdient Foods - Plant-based proteins and pulse-based flours producer providing innovative ingred...
TIC Gums Ownership: Pros & Cons
Advantages
- +Access to Ingredion's global distribution network reaching customers in over 120 countries
- +Deep expertise in hydrocolloid formulation and technical service providing differentiated customer support
- +Strong positioning among innovative small and mid-sized food companies, a high-growth customer segment
- +Integration with Ingredion's broader specialty ingredient portfolio enabling comprehensive formulation solutions
- +Ingredion's FY2024 net sales of approximately $7.2 billion reflecting strong parent company financial health
- +Established brand recognition in the specialty food ingredient market
Considerations
- -Competition from CP Kelco, Cargill, and other well-resourced hydrocolloid suppliers
- -Integration into a large multinational may reduce the agility and customer intimacy of a specialized ingredient company
- -Dependence on Ingredion's strategic priorities and capital allocation decisions
- -Raw material exposure to natural gum commodity pricing and supply variability
- -Regulatory compliance requirements for food ingredient approvals across multiple markets
Frequently Asked Questions About TIC Gums
Competitors to TIC Gums
No direct competitors found in the same category. This could be because TIC Gumsoperates in a unique market segment or we're still building our competitor database.
Ingredion Incorporated Stock Information
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