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Ingredion

Ingredion

Ingredion is an ingredient and bio-material provider for the food, beverage, brewing, pharmaceutical, and industrial sectors. The company was founded in 1906, and is located in Westchester, Illinois.

Ingredion is a fortune 500 company founded in 1906 and is an ingredient and bio-materials provider operating out of Westchester, Illinois. The company makes ingredients such as sweeteners, starches, nutritional ingredients, and biomaterials out of grains, fruits, and other plant materials such as corn, tapioca, potatoes, strawberries, and other crops. Ingredion employs over 11,000 people in 120+ countries and serves customers in 60+ business sectors by offering over 1000 ingredient solutions.

In 2017, Ingredion reported $5.8 billion in net ingredients sales. Ingredion's sales in 2017 broken down by sector are as follows: 53% food, 12% beverage, 10% paper and corrugating, 10% animal nutrition, 7% brewing, 8% additional applications.

Acquisitions

National Starch

On October 1, 2010, Ingredion acquired National Starch, a company manufacturing and selling specialty industrial adhesives, for $1,300,000,000.

Penford Corporation

On October 15, 2014, Ingredion announced that it acquired the Penford Corporation, a company manufacturing animal feed, for $340,000,000.

Kerr Concentrates

On July 15, 2015, Ingredion acquired Kerr Concentrates, a company manufacturing fruit and vegetable concentrates, purees, and essences, for ~100,000,000.

TIC Gums

On January 3, 2016, Ingredion acquired TIC Gums, a global manufacturer of food stabilizers and texturizers, for an undisclosed amount of money.

Shandong Huanong Specialty Corn Development

On February 8, 2016, Ingredion acquired Shandong Huanong Specialty Corn Development, a food ingredient manufacturer, for an undisclosed amount of money.

Sun Flour Industry - Rice Ingredient Business

On March 9, 2017, Ingredion acquired the Rice Ingredient division of Sunflower Industry, a division making rice starch and flour, for an undisclosed amount of money.

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INGREDION ANNOUNCES $125 MILLION COST SAVINGS PROGRAM TO DRIVE FURTHER OPERATIONAL EFFICIENCY; ANNOUNCES PRELIMINARY SECOND QUARTER EPS AND REVISES ADJUSTED EPS GUIDANCE

Ingredion Incorporated

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