Food ingredients giant Ingredion reported strong second quarter 2015 earnings that were buoyed in particular by a strong performance from recent acquisition Penford. The company also announced the completion of the acquisition of Kerr Concentrates, Inc.,...
Press coverage of Ingredion’s $340m acquisition of starch & gums maker Penford made much of reducing its reliance on high fructose corn syrup in the light of lackluster soda sales. But HFCS now accounts for just 15% of sales at Ingredion, which has...
Penford has seen a strong quarter for its protein and bakery ingredients, but coatings sales have dipped by four per cent and the divestment of its dextrose business means sales are below last year’s levels.
Penford Food Ingredients and CP Kelco have signed an agreement that
grants Penford exclusive use of Kelco's Genu Plus carrageenan line
for the US meat, poultry and seafood industry - evidence of the
Penford Food Ingredients announced earlier this week that it has
expanded its manufacturing capabilities to make sure supplies of
potato starch are consistent after a poor harvest in Europe,
reports Philippa Nuttall.