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Ingredion on Penford deal, gums, bolt-on acquisitions and non-GMO

from Food Navigator-USA

Press coverage of Ingredion's $340 million acquisition of starch and 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 percent of sales at Ingredion, which has been steadily transforming itself into a value-added ingredients company since the $1.3 billion acquisition of National Starch in 2010, says the company. more


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