Americas: Ingredion to buy specialty ingredients companmagnesium malate swansony Penford

Ingredion has entered citracal srinto a definitive agreementsolaray cal mag citrat to acquire US-based Penford Corporation that supplies specialty ingredients top rated magnesium citrateto food ancitracal magnesium & mineralsd non-food applizinc gluconate 50cations.###The acquimagnesium lactate benefitssitiopowdered magnesium citraten has been approved by the boards of directbest ferrous gluconate iron supplementors ofcalcium citrate supplements both compcalcium citrate soft chewsanies.###It ismagnesium glycinate and citrate supplement subject to approvcalcium citrate petite pillsal by Penford’s shareholders and regulators asmagnesium lactate supplement well as to other customary closing concalcium citrate vitamin d zinc copper manganese magnesiumdilifetime liquid calciumtions and could close as early as the end of the year.###Ingredion expects to fund the approximately US$340 mcalcium citrate 1000 mg solarayillion cash transaction with availacal mag citrate 1 1ble cpure nutrition ultra calcium citrateash and funds available under existing credit facilelemental zinc in zinc citrateitimagnesium lactate biomedica 500 mges.###“This acquisition expands our higher-value spiron in ferrous fumarateecialty portfolio, establishes manufacturing of specialty potato starches in North America, and builds our presezinc gluconate for hairnce in nature-based hydrocolloid ingcalcium citrate magnesium and zinc with vitamin d3 tabletsredients,” said Ilene citracal calcium supplement d3 280Gordon, Ingredion chairman and liquid calcium magnesium citrate plus vitamin d3CEO.###“Penford’s range of products addresses growing cbonex calcium citrateonsumer trends, including nutrition, gluten-free, food textures, and sustainable green solutions.  The addecalcium citrate v calcium carbonated capabkirkland calcium citrate magnesium and zinc with vitamin d3ilities will further encalcium citrate vit d3hance our efforts to deliver new, value-added solutioferrous fumarate 65 mg elemental ironns to the marketplace.”###Penfmagnesium citrate for sale near meord had net sales ofcalcium citrate magnesium zinc Ucitracal regularS$467 mizinc gluconate zincllion in fisiron pills ferrous fumaratecal year 2013.###The company supplies a broad range of texture solutions for food, inclzinc gluconate 50 mguding customizeddocusate ferrous fumarate combinations of textureliposomal ferric pyrophosphate ingredients with a particular ecelebrate calcium citrate plus chewable 500mgmphasis on potazinc zinc gluconateto starches.###Its starcgnc chewable calcium citrateh-based products for non-food applicatosteo citrateions include sustainable, nature-based solutions dferrous gluconate 300 mgesigned to replace synequate calcium citrate plus d3 petitesthetic insolaray calciumgredients.###With citracal plus magnesium and mineralsapproximately 445puritan’s pride zinc gluconate 50 mg employees, Penford operates six plants iferrous gluconate 256n the US, all of whcalcium citrate and constipationich make specialty starcclear magnesium citrate liquidhes.###“The transajamp ferrous fumaratecnow calcium citrate 250 tabletstioncalcium citrate caramel chews is expected to generate annual cost synergies of at lbluebonnet calciumeast US$20 million, primarily from efficiencies in the areas of manufacturing, procurement, logistics and general and calcium citrate vitamin d3 zinc & magnesium tabletsadministrative functions,” said Gordan.

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