Ingredion invests in Argentina, Chile and Uruguay

Ingredion invests in Argentina, Chile and Uruguay

Corporate & Sovereign Strategy M&A Latin America Argentina Chile Uruguay United States

US ingredients maker Ingredion and Grupo Arcor, one of the biggest food processing companies in Argentina, said Friday that they have agreed to form a joint venture to supply food and beverage ingredients in Argentina, Chile and Uruguay. Arroyito, Córdoba-based Arcor will own 51% of the new company, while Westchester, Illinois-based Ingredion will have 49%. The new company is expected to have an annual turnover of more than $300 million, the companies said in a joint statement. Arcor will transf

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