December 20, 2016 / 12:42 PM / a year ago

BRIEF-Ingredion to acquire TIC Gums

Dec 20 (Reuters) - Ingredion Inc:

* Ingredion to acquire TIC Gums; expands Ingredion’s customer base, specialty portfolio and texture expertise

* Ingredion - expects to fund $400 million cash transaction with available cash and short-term credit

* Transaction is expected to be $0.04 - $0.05 accretive to adjusted EPS in first year

* Acquisition has been approved by Ingredion’s board of directors and stockholders of TIC Gums Source text for Eikon: Further company coverage:

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