JUNGBUNZLAUER AGREES TO ACQUIRE INGREDION MANUFACTURING FACILITY IN PORT COLBORNE, ONTARIO, CANADA
(Thomson Reuters ONE) -
WESTCHESTER, Ill., July 7, 2015 - 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
ingredion.com.
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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
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ingredion Incorporated via GlobeNewswire
[HUG#1934882]
Unternehmensinformation / Kurzprofil:
Datum: 07.07.2015 - 14:05 Uhr
Sprache: Deutsch
News-ID 405210
Anzahl Zeichen: 4301
contact information:
Town:
Westchester, Illinois
Kategorie:
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