# Kagome increases stake in Ingomar Packing to 70%

Kagome Co., Ltd. increased its stake in Ingomar Packing Company from 20% to 70%, making it a majority-owned subsidiary. Ingomar is a major tomato primary processor, ranked 2nd in the US and 4th in the world.

- Type: Acquisition
- Announced: 2024-02-01
- Where: United States
- Status: completed
- Capacity: 2.23 million tons per year (global paste processing capacity)
- Products: tomato paste, diced tomatoes
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Kagome Co., Ltd.](https://endata.com/companies/75404.md) (acquirer)
- [Ingomar Packing Company](https://endata.com/companies/75405.md) (target)

## Sources

- [kagomeusa.com](https://kagomeusa.com/kagome-co-ltd-finalize-majority-acquisition-of-ingomar-packing-company-llc/), 2024-02-01: "Kagome Japan has successfully increased its position to a majority stake from 20% to 70% in Ingomar Packing Company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.