Ingredion Inc., Westchester, IL, has completed the acquisition of Penford Corp., a U.S.-based leader in specialty ingredients for food and nonfood applications.
“This is a great opportunity for Ingredion,” says Ilene Gordon, Ingredion chairman and CEO. “Penford’s expertise in potato starch, nonstarch texturizers (hydrocolloids) and green solutions expands our capabilities to address growing consumer trends. Plus, their complementary portfolio of higher-value specialty ingredients will take us into new and profitable sectors. We are looking forward to a bright future together.