Approximately $340 million cash deal with anticipated annual synergies of at least $20 million
October 15, 2014
Ingredion Inc. announced that it has entered into a definitive agreement to acquire Penford Corp. a U.S.-based leader in specialty ingredients for food and non-food applications.
The acquisition has been approved by the boards of directors of both companies.
Officials say the NOVATION Endura 0100 starch series maintains desired product texture under high heat and shear, and delivers excellent stability throughout shelflife.
February 15, 2013
Ingredion’s new NOVATION Endura 0100 functional native starch is said to withstand harsh processing conditions and help processors create more natural and additive-free products, including dressings, yogurts, UHT-processed soups and frozen meals.