INGREDION AND SWEEGEN, INC. ANNOUNCE AGREEMENT FOR INGREDION TO DISTRIBUTE SWEEGEN'S STEVIA SWEETENERS
(Thomson Reuters ONE) -
WESTCHESTER, Ill., December 1, 2016 - Ingredion Incorporated, a leading global
provider of ingredient solutions to diversified industries, has entered into an
agreement with SweeGen, Inc., a company dedicated to the development and
manufacture of stevia-based sweeteners, to be SweeGen's exclusive global
distributor of the company's novel, nature-based stevia sweeteners in all
markets except China. Ingredion will be a non-exclusive distributor in China.
SweeGen's zero-calorie sweeteners, made using pure stevia leaf extract and a
novel, proprietary process, have an unparalleled clean, sugar-like taste and are
suitable for use in a variety of foods and beverages. Ingredion will distribute
these sweeteners initially in the United States and subsequently in other
countries as additional regulatory approvals are granted.
"We are excited about the prospects of our promising and expansive partnership
with Ingredion. Their strong go-to-market expertise and customer base
complement our demand-driven R&D and manufacturing capabilities," said Steven
Chen, CEO of SweeGen.
"SweeGen's nature-based products, made from stevia leaf extract, represent the
next generation of stevia sweeteners. Along with our current sweetener
offerings, these great-tasting sweeteners give us even more options to help our
customers develop on-trend products that meet consumer demands for healthier
foods and beverages with less sugar," said Anthony DeLio, Ingredion's chief
innovation officer. "We look forward to working with SweeGen to bring, what we
believe are, the best-tasting stevia sweeteners to customers all over the
world," DeLio added.
Ingredion will begin distributing SweeGen products in February 2017.
ABOUT INGREDION
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions
provider. We turn corn, tapioca, potatoes and other vegetables and fruits into
value-added ingredients and biomaterial solutions for the food, beverage, paper
and corrugating, brewing and other industries. Serving customers in over 100
countries, our ingredients make yogurts creamy, candy sweet, paper stronger and
face creams silky. Visit Ingredion.com to learn more.
ABOUT SweeGen
SweeGen is fully dedicated to the development, production and distribution of
stevia sweeteners for the food, flavor and beverage industries. SweeGen's
robust R&D, portfolio and large manufacturing capacity ensure the strong
integrity, high quality and sustained availability of their products. Please
visit www.sweegen.com to learn more.
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CONTACT:
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 510375
Anzahl Zeichen: 3447
contact information:
Town:
Westchester, Illinois
Kategorie:
Business News
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