The planned deal will add seed cleaning, sorting and conditioning equipment to Ocrim’s product portfolio.
The transaction will see CVC Capital Partners IX acquire Irca, the global B2B manufacturer of speciality food ingredient solutions.
The financing gives the food processing equipment business additional flexibility as it moves toward independence and a more aggressive acquisition-led growth strategy.
The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.
The deal expands Cargill’s grain handling network in Western Canada as the company continues to invest in its global food and agriculture business.