IDI Inc is a subsidiary of French firm Ingredia Group. It has previously had a partnership with Kantner, through which it exported from the US to key markets such as Dubai and the Middle East.
IDI Inc’s general director Guy Kientz said: “The completion of this acquisition represents an important step for IDI Inc – our strategy consisting in accelerating our US growth. This operation strengthens Ingredia development on [the] US domestic market and secures the exportation activities that were done until now with Kantner Ingredients.”
Last month, when the deal was announced, parent company Ingredia Group said it had been eyeing a broader international set up. The Ingredia Group’s CEO Alain Thibault said at that time that the acquisition was a step towards further improving global customer service.
Ingredients offered by IDI include dairy powders, functional systems (both 100 per cent dairy and including non-dairy agents like hydrocolloids and starches), and proteins, such as milk protein concentrates and isolates, soluble milk protein isolates, rennet casein, and whey protein concentrates.
Kantner, meanwhile, was founded in 1999 by Doug Kantner, and was originally known as Euro Proteins. It manufactures blends and distributes dairy proteins for the food industry.
The transaction includes a blending unit in Wapakoneta, Ohio, with a capacity of 20,000 tonnes a year, and a portfolio of customers in the food and nutrition sector.
IDI said that the new venture is expected to generate an annual turnover of more than $50m.
The value of the acquisition has not been disclosed.