Ingredion to Acquire Penford to Expand Portfolio

Ingredion Incorporated (Westchester, IL) announced it has entered into a definitive agreement to acquire Penford Corporation, a U.S.-based leader in specialty ingredients for food and non-food applications. Ilene Gordon, chairman and CEO, Ingredion, said the acquisition is another step in executing our strategic blueprint for growth. “It expands our higher-value specialty portfolio, establishes manufacturing of ...