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Penford Acquires Starch Business

5:29 PM MST | November 17, 2011 | Rebecca Coons

Food and industrial starch supplier Penford (Centennial, CO) says it has entered into an agreement to acquire Carolina Starches, a North Charleston, SC-based producer of modified starches and starch blends. “This acquisition combines two leading specialty starch businesses and will support growth plans for our Specialty Industrial and Food businesses,” says Tom Malkoski, CEO for Penford Corporation. “With the addition of Carolina Starches, we expect to realize benefits in supply chain and operations activities as well as business growth by...

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