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WESTCHESTER, Ill., June 24, 2014 - (ACN Newswire) - Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, has entered an agreement with Alliance Grain Traders Inc. to be AGT's distributor of that company's pulse flours, protein and bran ingredients. The agreement includes products for consumer foods, for example, baked goods, snack, pasta and covers the United States, Canada, China, most of Europe, North Africa and the Middle East.
The announcement was made at the Institute of Food Technologists (IFT) Annual Meeting and Food Expo in New Orleans, LA by Murad Al-Katib, chief executive officer and president of Alliance Grain Traders and Igor Playner, vice president, innovation and strategy, North America of Ingredion.
"We are excited for the prospects of our alliance with Ingredion," said Al-Katib. "The application expertise, the reach of the specialized go-to-market approach and the focus on innovation and product development of Ingredion will complement AGT's global leadership in sourcing and processing pulses, allowing us an increased and added value offering to our customers."
Playner also spoke highly of this important initiative: "The alliance with AGT opens a new chapter for Ingredion, and complements three of our most important growth platforms - wholesome ingredients, texturizers and nutritional ingredients. Gaining access to pulses as an additional base in our toolbox, in the form of flours, protein and semolinas aligns with a growing market interest for vegetable protein sources. Adding this exciting new product portfolio to our established line of innovative texture, wholesome and nutritional ingredients will enable us to deliver new formulated solutions in key applications, such as protein- and fiber-fortified snacks, non-GM and gluten-free foods."
Ingredion will be introducing these products to the market over the next 120 days. Most of the line will be marketed under Ingredion's HOMECRAFT(R) brand that currently encompasses a broad range of functional, gluten free and clean label flours. "As a leading supplier of specialty flours that are highly functional in a range of applications, such as gluten free, nutrition and fiber enrichment, the addition of the AGT product line greatly expands our ability to serve these and other growing sectors," said Playner.
Alliance Grain Traders Inc. (TSX:AGT), listed on the Toronto Stock Exchange in Canada, is a global leader in value-added processing of pulses, staple foods and ingredients for export and domestic markets. The company was founded in 2007 and had sales in 2013 of approximately CD$1.1 billion.
Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. With a global network of manufacturing facilities, ingredient development centers and sales offices in 40 countries, Ingredion serves customers in more than 100 countries in approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit www.ingredion.com.
Contact:
Trina Lundblad
d: +1-708-551-2541
c: +1-708-203-5423
e: trina.lundblad@ingredion.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire
Topic: Business Tieup
Source: Ingredion Incorporated
https://www.acnnewswire.com
From the Asia Corporate News Network
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