Illinois-based Ingredion acquired the Moses Lake-based potato starch producer Western Polymer for an undisclosed sum at the beginning of March.
Western Polymer produces “native and modified potato starch” for papermakers and food processors and modified tapioca starch for industrial applications, according to a news release from Ingredion.
Western Polymer has production facilities in Moses Lake, Fort Fairfield, Maine, and Grant Forks, North Dakota. The terms of the acquisition were not disclosed.
“The acquisition will expand the company’s potato starch manufacturing capacity, enhance procession capabilities, and broaden its higher-value specialty ingredients business and customer base,” Ingredion said in a news release.
With $6 billion in sales last year, publicly traded Westchester, Illinois-based Ingredion (NYSE: INGR) employs 11,000 people in facilities across the world providing customers in 120 countries with “value added ingredients” derived from fruits, vegetables and grains for the food, beverage, paper and packaging industries.
The company began life over a century ago as Corn Products Refining Company, initially specializing in the production of corn starch and oil, eventually branching out to ethanol, sweeteners and other chemicals derived from food.
“The company develops ingredient solutions to meet consumers’ evolving needs by making crackers crunchier, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars,” the company said in a news release.
Source: Columbia Basin Herald