Penford completes acquisition of Carolina Starches
Jan. 12, 2012
CENTENNIAL, COLO. — Penford Corp. has completed its acquisition of the businesses operated by Carolina Starches L.L.C. and Keystone Starches L.L.C.
“The addition of Carolina Starches offers strategic and operational benefits to both our specialty industrial products and food ingredients businesses,” said Tom Malkoski, chief executive officer of Penford Corp. “This acquisition should result in enhanced customer service and technical support as well as broaden our portfolio of modified starches and lead to improvements in our supply chain function.”
Carolina Starches produces and sells modified starches and starch blends with about $25 million in annual revenue.