Mergers & Acquisitions ·
Ingredion Incorporated completed the sale of its 51% stake in Rafhan Maize Products Co. Ltd. to a group of Nishat…
INGRIngredion Inc
Ingredion Incorporated completed the sale of its 51% stake in Rafhan Maize Products Co. Ltd. to a group of Nishat Group affiliates for approximately $165 million in cash. Following the transaction, Ingredion retains a 20% minority interest in the company, which generated $250 million in net sales in 2025. Ingredion is a global ingredient solutions provider for the food, beverage, and industrial sectors.