May 27, 2025 -Primient has announced the Company’s move to sole-ownership by KPS Capital Partners, LP (“KPS”). The transaction is expected to be completed by the end of July 2024 and is subject to customary closing conditions and approvals.
This is the second investment KPS has made in the Primient business. In April 2022, KPS acquired a controlling interest in Tate & Lyle PLC’s Primary Products Business in North America and Latin America, establishing Primient as an independent business.
Primient’s Bold Next Step
This next step in Primient’s journey comes on the heels of an unprecedented $700 million in capital investments over the next five years focused on modernizing our manufacturing footprint and positioning the Company for growth in the years to come.
“We are proud of the Company we’ve built under KPS’ ownership in the past two years,” said Jim Stutelberg, Chief Executive Officer of Primient. “Their belief and commitment have been instrumental in setting Primient up for success from day one. This investment underscores KPS’ confidence in the strength of our business. We are the most committed, most reliable, and most sustainable supplier in our industry, and will be for decades to come.”
A Legacy Rooted in Proven Ingredients and Potential
Primient brings more than 100 years of experience in the food and industrial ingredients markets – first as the A.E. Staley Manufacturing Company and most recently as part of Tate & Lyle.
The Company delivers the highest quality plant-based solutions and services with a clear path to evolving their portfolio to unlock the emerging potential of the bioeconomy.
Michael Psaros, Co-Founder and Co-Managing Partner of KPS, said, “Primient’s performance has exceeded our expectations, and this second investment represents KPS’ continued commitment to Primient, its customers and employees. Under our ownership, Primient will continue to modernize its operations, supporting growth initiatives and industry-leading sustainability practices. We intend to make further strategic investments to strengthen Primient’s role within the corn wet milling industry and the broader bioeconomy.”
