The transaction “did not mature to a final agreement,” according to statements from both companies.
The partnership is expected to accelerate business growth and enable more effective customer service across Europe.
The combined entity will offer tailored formulation development, application testing, and scalable delivery to industrial bakeries and food manufacturers seeking transparency, sustainability, and nutrition in their ingredient sourcing.
The acquisition includes three production facilities located in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia, along with the well-known Ronzoni retail pasta brand.
Tillmanns operates in multiple sectors, including coatings, construction, food & nutrition, and water treatment, premium specialty chemicals and tailored solutions.