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WESTCHESTER, Ill., July 8, 2015 - (ACN Newswire) - Jungbunzlauer, a leading producer of biodegradable ingredients of natural origin based in Basel, Switzerland, has agreed to purchase a manufacturing facility in Port Colborne, Ontario, Canada from a subsidiary of Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries. The transaction is expected to close on December 15, 2015.
"We have operated our facility in Port Colborne since 2002 and Ingredion has been one of our main suppliers. Our supply chain will become fully integrated with the acquisition of the Ingredion plant, which will be dedicated to glucose production for fermentation purposes. This will further strengthen our efficiency and enhance our competitive position," said Tom Knutzen, Jungbunzlauer CEO.
"We achieve sustainability by combining state-of-the-art processes and manufacturing technology while locating close to the main inputs, such a corn, energy and water. The acquisition of the Ingredion facility documents our commitment to both the region and our strategy to build competitiveness through a leading sustainability position," Knutzen added.
"Ingredion is committed to an on-going continuous improvement effort to optimize our network to control our fixed costs and ensure the most efficient use of our resources. This is one step to balance supply based on our customers' needs as we focus on the growth of our higher-value specialty ingredient portfolio," said Jim Zallie, Ingredion executive vice president and president Ingredion North America.
About Jungbunzlauer
Jungbunzlauer is one of the world's leading producers of biodegradable ingredients of natural origin. The Swiss-based, international company's roots date back to 1867. Today, Jungbunzlauer specializes in citric acid, xanthan gum, gluconates, lactics, specialties, special salts and sweeteners for the food, beverage, pharmaceutical and cosmetic industry as well as for various other industrial applications.
Jungbunzlauer's products are manufactured utilizing fermentation technology, a natural process. All its products can be used, transported and disposed of in a secure and ecologically safe way. The Group operates manufacturing plants in Austria, Canada, France and Germany.
A worldwide network of sales companies and distributors with a thorough understanding of target markets and client requirements underlie Jungbunzlauer's high level of market and customer proximity. Committed to its rigorous quality standards, Jungbunzlauer guarantees for the excellence and sustainability of its products and services.
About Ingredion
Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients and biomaterial solutions. With customers in more than 100 countries, Ingredion serves approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit www.ingredion.com.
CONTACTS:
Jungbunzlauer
Tom Knutzen 011-41-79-9234-754
Sharon Grant 905-835-3272
Ingredion Incorporated
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire
Topic: Press release summary
Source: Ingredion Incorporated
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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