Innophos Holdings Inc., an international producer of nutritional specialty ingredients, has completed the acquisition of the business and assets of Triarco Industries Inc.
Innophos Holdings Inc., an international producer of nutritional specialty ingredients, has completed the acquisition of the business and assets of Triarco Industries Inc. Triarco, a privately held company based in New Jersey, has been manufacturing custom ingredients for the food, beverage, dietary supplement, and nutraceutical industries for more than 30 years. Triarco specializes in botanical and enzyme-based ingredients that provide benefits in growing markets such as sports nutrition, dietary supplements, and fortified beverages.
Triarco is complementary to the mineral ingredients businesses, Kelatron and AMT, which were acquired by Innophos in 2011 and 2012. The combined businesses of Kelatron, AMT, and Triarco enhance Innophos’ position in the high growth nutritional ingredients end markets with annual revenues in excess of $50 million.
“The acquisition of Triarco continues the strategy of expanding our business into product categories closely related to our existing specialty phosphate offering,” said Randy Gress, Chairman and CEO of Innophos. “Triarco has excellent products that are often formulated alongside existing Innophos specialty mineral ingredients to provide nutritional benefit to consumers. Triarco also has strong positioning in, and a deep understanding of, a variety of end markets, and has been successful in developing a co-branding strategy to improve consumer recognition of the ingredients they provide. We look forward to leveraging our combined customer relationships and product offering to drive growth, while strengthening the quality and efficiency of our supply chain.”