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.
On October 1, 2010, Ingredion acquired National Starch, a company manufacturing and selling specialty industrial adhesives, for $1,300,000,000.
On October 15, 2014, Ingredion announced that it acquired the Penford Corporation, a company manufacturing animal feed, for $340,000,000.
On July 15, 2015, Ingredion acquired Kerr Concentrates, a company manufacturing fruit and vegetable concentrates, purees, and essences, for ~100,000,000.
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
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