WESTCHESTER, ILLINOIS, U.S. — Corn Products International, Inc. announced Oct. 1 that it has completed its acquisition of National Starch, the specialty starches business of AkzoNobel N.V.
"This is an important step forward for both Corn Products and National Starch, and a tremendous opportunity for our investors, customers, suppliers and employees around the world," said Ilene Gordon, chairman, president and chief executive officer of Corn Products International. "Today, we go to market with a broader portfolio of products, enhanced geographic reach, and the ability to partner with our customers on customized and innovative solutions. This makes Corn Products International a stronger, more diversified player in the ingredient arena. We can offer our customers a broad range of value-added ingredient solutions for a variety of their evolving needs."
The combined company currently employs approximately 10,000 people in North America, South America, Europe, the Middle East, Africa and Asia-Pacific. It operates 37 manufacturing facilities in 15 countries; has sales offices in 29 countries, and has research and ingredient development centers in key global markets.
"National Starch is an exceptional company," Gordon said. "It has a strong track record of developing new, innovative ingredients, and its skilled, experienced employees share Corn Products' goals and values. We believe that, in every way, this is an ideal fit for Corn Products.
"As we integrate these two historic companies, we are committed to bringing together the best of what each has to offer in order to build the finest ingredient solutions provider in our industry."