Kevin Neat will oversee the company’s financial and IT functions.
Transaction likely to be complete in fourth quarter.
Growth spans regions, category groups.
Nets sales increase 3% in first quarter.
Ciesinski says company excited about M&A potential.
Company invests $83 million in 15,000-square-foot expansion.
Net income surges 47% in first quarter.
He will lead the company’s food and industrial ingredients business for North and South America.
Value of the acquisition is approximately $715 million.
Company posted record results in year-ago period.