|Corn Products International (1906-2012)|
|Traded as||NYSE: INGR
S&P 400 Component
Health & Wellness
|Headquarters||Westchester, Illinois, United States|
|Ilene S. Gordon
(Chairman, President, & CEO)
Jack C. Fortnum
|Revenue||US$ 6.02 billion (2016)|
|US$ 808 million (2016)|
|US$ 496 million (2016)|
|Total assets||US$ 5.78 billion (2016)|
|Total equity||US$ 2.60 billion (2016)|
Number of employees
|Footnotes / references
Ingredion Incorporated (formerly Corn Products International, Inc) is an ingredient solutions provider based in Westchester, Illinois. The company turns corn, tapioca, potatoes, and other vegetables and fruits into ingredients for the food, beverage, brewing, and pharmaceutical industries and numerous industrial sectors. It has more than 11,000 employees around the world, and customers in more than 60 markets in over 40 countries. In 2015, net sales were $5.6 billion.
The company, which began as Corn Products Refining Co. and later as "CPC," was founded by the merger of leading US corn refiners in 1906. The company was incorporated in New Jersey. It supplied the raw materials for Argo cornstarch and Mazola corn oil.
In 1981, CPC formed a partnership with Texaco to produce bioethanol at a plant in Pekin, Illinois. In 1995, the plant was sold to Williams Companies and, in 2003, continued as Aventine Renewable Energy. The company has a facility in nearby Mapleton, Illinois, along U.S. Route 24, which is part of an industrial area, a major area employer.
The Bestfoods division of the company known for brands Maizena, Knorr, Hellmann's / Best Foods mayonnaise, and Skippy Peanut Butter existed from 1958 until 1997 when the company split into Bestfoods, a packaged-foods company, and Corn Products International, a starch and sweeteners company. Ingredion is a Fortune 1000 Company.
The combined company employs approximately 11,000 people in North America, South America, Europe, the Middle East, Africa, and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries and sales offices in 29 countries. Ingredion Idea Labs Research and ingredient development centers are located in key global markets. In 2012, the company was renamed Ingredion.
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- "To the Stockholders of the Corn Products Company". Commercial and Financial Chronicle. 82 (2118): x. January 27, 1906. Retrieved February 27, 2018.
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- "National Starch merges with Corn Products International". PreparedFoods. 2012-03-01.
- "Ingredion Incorporated: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-08-25.
- "Corn Products International and National Starch are now Ingredion". FoodInnovation.