Specialty starch maker MGP Ingredients and US agribusiness Cargill have announced a business alliance for the production and marketing of a new resistant starch product called Fibersym that is derived from high amylose corn and is positioned for use in reduced-carbohydrate food products.
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Under the business alliance, which has an initial term of five years, Cargill will manufacture Fibersym according to a patent licensed exclusively to MGPI. The new resistant starch will be marketed in the coming months by both companies under MGPI’s Fibersym brand name with all revenues from such sales recognised by MGPI. MGPI and Cargill will share profits from sales of the new product.
“This alliance provides great opportunities for both companies as well as food manufacturers seeking a broader base of resistant starches for use in lower net carb applications,” said Mike Trautschold, executive vice president of marketing and sales at MGPI.
The arrangements between MGPI and Cargill are subject to termination if the products should be determined to be commercially unviable, the companies said.
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