M&A Deal Summary

Penford Acquires Gum Technology

On March 25, 2014, Penford acquired chemicals company Gum Technology

Acquisition Highlights

This is Penford’s 1st transaction in the Chemicals sector.
This is Penford’s 1st transaction in the United States.
This is Penford’s 1st transaction in Arizona.

M&A Deal Summary
Date	2014-03-25
Target	Gum Technology
Sector	Chemicals
Buyer(s)	Penford
Deal Type	Add-on Acquisition

Target

Gum Technology

Tucson, Arizona, United States

Gum Technology Corp. is a provider of gum and hydrocolloid blends.

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Buyer(S) 1

Buyer

Penford

Centennial, Colorado, United States

Category	Company
Founded	1894
Sector	Food
Employees	403
Revenue	467M USD (2013)

DESCRIPTION

Penford Corporation is a U.S.-based leader in specialty ingredients for food and non-food applications.

DEAL STATS	#
Overall	1 of 1
Sector (Chemicals)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Arizona)	1 of 1
Country (United States)	1 of 1
Year (2014)	1 of 1