SHAREHOLDERS APPROVE NEW NAME FOR GLOBAL INGREDIENTS SOLUTIONS COMPANY
WESTCHESTER, Ill., May 15, 2012 – Corn Products International shareholders today voted to change the company’s name to Ingredion to better showcase its role as a global ingredients solutions company serving the food, beverage and brewing industries and numerous other industries worldwide.
The approval of the name change came during the company’s annual meeting today in Westchester, Ill. Business units in the United States will quickly move to register the name legally and begin doing business as Ingredion in early June. The rest of North America will follow later in 2012, with other countries and regions transitioning to the new name by the end of 2013.
“We are thrilled to face the marketplace with a name that says ‘ingredient solutions,’” said Ilene Gordon, the company’s chairman, president and chief executive officer. “We’re proud of our legacy in providing consistently high-quality ingredients to our many customers and helping them succeed in new realms with innovations they can get nowhere else. We will continue to build our expertise and ingredient solutions portfolio to help our customers address trends and compete better around the world.”
The name change is the culmination of Gordon’s long-term growth strategy that included the acquisition of National Starch in 2010. The U.S. units making the name change in June include Corn Products U.S. and National Starch.
“Service to our U.S. customers will continue uninterrupted as we make the change to Ingredion,” said Jack C. Fortnum, executive vice president and president, global beverage, industrial and North America sweetener solutions. “Our teams have been integrating for two years now, so we are able to deliver an expanded set of ingredient solutions to our customers—with new ideas and technologies under continuous development.”
Many of Ingredion’s latest innovations in sweetness, texture, nutrition, delivery systems and clean-label ingredients will be on display at the new Ingredion booth #1211 at the Institute of Food Technologists Annual Meeting + Food Expo (IFT) June 25-28 in Las Vegas, NV. See foodinnovation.com/IFT2012 for trade show details or log onto ingredion.com/us for more information about the brand and links to the regional businesses.
About the Company
Corn Products International, Inc., is now Ingredion Incorporated (NYSE:INGR). The company is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutritional ingredients. With customers in more than 40 countries, Ingredion serves approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit ingredion.com.