WESTCHESTER, IL, February 14, 2012 – Today Corn Products International announced that it intends to change its name to Ingredion, pending shareholder approval at its annual meeting in May, to signify its role as a global ingredients solutions company.
Building on the company’s legacy of exceptional performance and market-leading innovation, the new name was conceived to better reflect its position as a leading global supplier of ingredient solutions to a range of industries, including packaged food, beverage and brewing. The name change is part of a global strategy that included the acquisition of National Starch in late 2010.
“We are very excited to announce our new name and identity,” said Ilene Gordon, chairman, president and chief executive officer.
“The first part of the name represents ‘ingredients,’ while the second part has its roots in the Greek word that means ‘something that goes.’ It says clearly that we’re an ingredient solutions company.”
“Our goal is to anticipate and deliver what our customers need for today and tomorrow. We provide consistently high-quality ingredients for today’s products as well as the cutting-edge innovations our customers need to create profitable new products tomorrow,” said Gordon. “Ingredion encompasses the diversity and growth of our product offerings. It also honors the long-standing Values that have contributed to our success while being more representative of the stronger, global company we have become.”
The name change is subject to shareholder approval and a proposal to approve the change will be included in the company’s proxy statement for its annual meeting in May, which will be released in early April. Although legal entities outside of Corn Products International are not expected to change their legal names, we anticipate a global transition to our new global brand and logo over the next two years, with all geographies using the Ingredion brand by the end of 2013.
About the Company
Corn Products International, Inc. is a leading global ingredient provider to the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. The company produces ingredients that provide valuable solutions to customers in approximately 50 countries. For more information, visit www.cornproducts.com