Primient

Primient is a leading producer of food and industrial ingredients derived from plant-based, renewable sources. Established in April 2022, the company emerged from the sale of Tate & Lyle PLC's Primary Products business in North America and Latin America to KPS Capital Partners, LP.

This strategic move positioned Primient as an independent entity, with KPS holding a majority stake and Tate & Lyle retaining a minority interest.

History and Background

With a legacy spanning over a century, Primient traces its roots back to the A.E. Staley Manufacturing Company, founded in 1906 in Decatur, Illinois.

The company specializes in producing a diverse range of products, including:

• Sweeteners: Offering a variety of sweeteners suitable for food, beverage, bakery, and confectionery applications, ensuring functionality and cost-effectiveness.
• Industrial Starches: Supplying corn-derived starches and adhesives that enhance performance in paper making, packaging, and building materials.
• Acidulants: Providing acidulants like citric acid, malic acid, and fumaric acid to improve taste and stability in food, beverages, animal feed, and industrial applications.
• Animal Nutrition: Developing high-quality animal feed ingredients that deliver essential energy and nutrients for optimal livestock performance.
• Personal Care Additives: Offering bio-based additives, including thickeners and emulsifiers, to meet the growing demand for natural and sustainable ingredients in personal care products.

Operations and Facilities

Primient operates six industrial plants across North America and Latin America, employing approximately 1,500 individuals. The company's facilities include three corn wet mills, three acidulant plants, and a network of thirteen grain elevators in the United States and Brazil.

Locations

• Chicago, IL, USA
• Knoxville, TN, USA

Recent Developments

In 2023, Primient expanded its presence in Illinois by establishing a new headquarters in Schaumburg. The company also announced a significant $500 million investment to modernize and upgrade its manufacturing assets, reinforcing its commitment to a sustainable, plant-based future.

In May 2024, Primient transitioned to sole ownership by KPS Capital Partners, LP, following the completion of the acquisition of Tate & Lyle's remaining interest. This move underscored KPS's confidence in Primient's business model and dedication to supporting the company's growth and sustainability initiatives.

Innovation and Sustainability

Primient's dedication to innovation and sustainability is further exemplified by its establishment of the largest U.S. Bio-MEG facility in Indiana in partnership with Sustainea. This facility represents a significant advancement in the bioeconomy, aligning with Primient's strategic focus on sustainable practices and renewable resources.

Through its comprehensive portfolio and strategic initiatives, Primient continues to play a pivotal role in providing high-quality, plant-based ingredients that cater to a wide array of industries, including food and beverage, personal care, and industrial applications.