Penford completes Carolina Starches acquisition
Penford Corporation has completed its acquisition of Carolina Starches, a manufacturer of modified starches and starch blends with annual revenue of about $25m, the company has said.
CEO of Penford Corporation Tom Malkoski said: "The addition of Carolina Starches offers strategic and operational benefits to both our specialty industrial products and food ingredients businesses. This acquisition should result in enhanced customer service and technical support, as well as broaden our portfolio of modified starches, and lead to improvements in our supply chain functions."
Penford is a manufacturer of specialty ingredients for industrial and food industry uses, with seven manufacturing and research facilities throughout the United States.
