date:Mar 06, 2014
Penford Corp., a maker of modified specialty starches for the food, pet products and paper industries, has agreed to acquire Tucson, Ariz.-based Gum Technology Corp., a provider of hydrocolloid stabilizing systems. Financial terms were not disclosed.
In addition to specialty starches, Penford manufactures fuel-grade ethanol as well as a range of industrial products offering sustainable solutions to petro-chemical ingredients.
By combining Gum Technologys 33-year knowledge base of gum synergies