M&A Deal Summary

Ingredion Acquires Penford

On October 15, 2014, Ingredion acquired food company Penford for 340M USD

Acquisition Highlights
  • This is Ingredion’s 4th transaction in the Food sector.
  • This is Ingredion’s 3rd largest (disclosed) transaction.
  • This is Ingredion’s 3rd transaction in the United States.
  • This is Ingredion’s 1st transaction in Colorado.

M&A Deal Summary
Date 2014-10-15
Target Penford
Sector Food
Buyer(s) Ingredion
Deal Type Add-on Acquisition
Deal Value 340M USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Perkins Coie (Legal)

Target

Penford

Centennial, Colorado, United States
Penford Corporation is a U.S.-based leader in specialty ingredients for food and non-food applications.

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Buyer(S) 1

Buyer

Ingredion

Westchester, Illinois, United States
Category Company
Founded 1906
Sector Food
Employees12,000
Revenue 8.2B USD (2023)
DESCRIPTION
Entrance to Ingredion's corporate headquarters in Westchester, Illinois.
Entrance to Ingredion's corporate headquarters in Westchester, Illinois.

Ingredion is a global ingredient solutions provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. Ingredion was founded in 1906 and is based in Westchester, Illinois.

DEAL STATS #
Overall 5 of 11
Sector (Food) 4 of 9
Type (Add-on Acquisition) 4 of 9
State (Colorado) 1 of 1
Country (United States) 3 of 6
Year (2014) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 National Starch

United Kingdom

National Starch is a recognized innovator in food ingredients and specialty starches. The company sells specialty starches to both local and multinational customers in the food, papermaking, consumer and industrial markets. It has 2,250 employees around the world and operates 11 plants in eight countries.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 Kerr Concentrates

Salem, Oregon, United States

Kerr Concentrates, Inc. is a producer of fruit and vegetable concentrates, purees and essences. Each product or custom blend upholds the integrity and richness of the raw fruits and vegetables that goes into it.

Buy $100M
Mergr

Product

Company

Legal