Ingredion Acquires Potato Starch Producer Western Polymer

March 01st 2019

Ingredion acquires Western Polymer; expanding capacity for higher-value specialty ingredients.

Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced today that it has acquired the operations of Western Polymer, a privately held, U.S.-based company headquartered in Moses Lake, Washington that produces native and modified potato starches for food and industrial applications and also sells modified tapioca starch for industrial applications. The acquisition will expand the Company’s potato starch manufacturing capacity, enhance processing capabilities, and broaden its higher-value specialty ingredients business and customer base. Terms of the acquisition were not disclosed.

“This next phase of growth is consistent with other actions we’ve taken to strengthen our specialties business and deliver long-term value for our shareholders,” said Jim Zallie, Ingredion’s president and chief executive officer. “This acquisition expands our higher-value specialty ingredients business, which is central to Ingredion’s growth strategy. We have tremendous respect for the culture and business that Western Polymer has built and we look forward to the future opportunities that we will create together.”

“We’re excited to leverage the strengths of Western Polymer and Ingredion to continue developing high-quality ingredients that align with consumer trends and customers’ needs,” said Lynn Townsend-White, president and chief executive officer of Western Polymer. “By coming together now, this enables even greater reach for our ingredients and positions the business for continued growth.”

About Western Polymer.
Western Polymeris a Washington-based supplier of native and modified potato starches for food and industrial applications and modified tapioca starch for industrial applications operating three U.S. manufacturing locations in Moses Lake, Washington; Fort Fairfield, Maine; and Grand Forks, North Dakota. Founded in 1952, the Company primarily supplies cationic starch to the paper industry and manufactures native and modified potato starch for food applications.

About Ingredion.
Ingredion Incorporated headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With annual net sales of nearly $6 billion, the company turns grains, fruits, vegetables and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating, brewing and other industries. With Ingredion Idea Labs® around the world and more than 11,000 employees, the Company develops ingredient solutions to meet consumers’ evolving needs by making crackers crunchy, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars.

Source: https://www.ingredionincorporated.com/investors/investornews.html

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