Goldman Sachs

Where next for ingredients since Cognis and National Starch?

Where next for ingredients since Cognis and National Starch?

By Jess HALLIDAY

‘Billion dollar deal’ was not a phrase bandied about the food ingredients industry much last year. With BASF buying Cognis for €3.1bn and Corn Products International paying $1.3bn for National Starch, M&A looks to be thawing – but best not get over-excited...