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Ingredion on Penford deal, gums, bolt-on acquisitions and Non-GMO - a 'significant niche'
2014-10-18 06:36:05| Food - Topix.net
New products gallery: Mamma Chia heads to the bar, PepsiCo keeps it real with craft soda, and pumpkin spice fever spreads New hires gallery: Gen Mills recruits a chief creative officer; Nestle creates VP of business excellence; new blood at Justin's, Sabra, PepsiCo 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 been steadily transforming itself into a value-added ingredients company since the $1.3bn acquisition of National Starch in 2010, says the company.
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Category:Food and Related Products