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Ingredion buys potato starch maker Penford Corp

Ingredion Inc., which makes high-fructose corn syrup, agreed to buy Penford Corp. for about $340 million in cash to add potato starches to its range of specialty food ingredients. “Penford’s range of products addresses growing consumer trends, including nutrition, gluten-free, food textures, and sustainable green solutions,” Ilene Gordon, chairman and CEO of Westchester-based Ingredion, said in the company’s statement. The[Read More...]

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