Penford and Cargill intend to form a joint venture combining their industrial starch businesses in North America.

The companies are planning to create an enhanced specialty-starch ingredient manufacturing and distribution business, with estimated annual sales of about US$200mn. The companies have not disclosed financial terms and any final agreement is subject to various approvals.

The joint venture will use both companies’ Iowa-based, industrial starch facilities, and a Cargill facility in Memphis. A Cargill site in Dayton, Ohio, will meanwhile discontinue industrial starch operations.

Penford makes specialty natural-based ingredient systems for various applications, while Cargill distributes agricultural, food, financial and industrial products and services.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.