date:Mar 27, 2014
Penford Corporation, a leader in ingredient systems for food and industrial products, announced that it has completed the acquisition of Gum Technology, an Arizona close corporation.
Gum Technology is a gum and hydrocolloids blending, services and distribution company, generating revenues of about $12 million, primarily in the food and beverage industries.
Gum Technologys product line, culture, and approach to the market are aligned with Penfords and with our efforts to build our specialty in