Penford Food Ingredients grows GumPlete line for beverages, gluten-free baked goods
March 31, 2015
Penford Food Ingredients, a leader in innovative carbohydrate systems and technologies, introduced two new GumPlete systems at the Research Chefs Association’s Culinology Expo in New Orleans. GumPlete® GF 101 is for use in gluten-free baked goods and GumPlete® BV 111 can be applied in instant beverage products.
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.