Penford Corp., Centennial, Colo., a leader in ingredient systems for food and industrial products, completed the acquisition of Gum Technology Corp., Tucson. Ariz., a gum and hydrocolloids blending, services and distribution company, on March 25.
“Gum Technology’s product line, culture and approach to the market are aligned with Penford’s and with our efforts to build our specialty ingredients businesses,” says Tom Malkoski, CEO, Penford Corp. “Both teams are enthusiastic about opportunities to create value for customers through technology, product innovation and technical service. With our expanded product line, we can offer customers a choice of innovative new products and a broad range of applications.”