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Acquisitions | 6 Months Ended
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Jun. 30, 2022
Acquisitions |
Acquisitions | 3. Acquisitions ​ PureCircle Non-Controlling Interests ​ During the three months ended June 30, 2022, Ingredion purchased shares from minority shareholders in PureCircle Limited (“PureCircle”) for $27 million. The purchase increased our ownership percentage in PureCircle from 75 percent to 82 percent as of June 30, 2022. ​ Other Acquisitions ​ On April 1, 2021, Ingredion acquired KaTech, a privately held company headquartered in Germany. KaTech provides advanced texture and stabilization solutions to the food and beverage industry. To complete the closing, Ingredion made a total cash payment of $40 million, net of cash acquired, which we funded from cash on hand. The acquisition added $26 million of goodwill and intangible assets, as well as $14 million of tangible assets. Beginning at the acquisition date, our Condensed Consolidated Financial Statements reflect the effects of the acquisition and KaTech’s financial results, which we report in our Europe, Middle East and Africa (“EMEA”) reportable business segment. ​

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