Ingredion, Inc.

Ingredion, Inc.

Ingredion, Inc.

Overview
Date Founded

1997

Headquarters

5 WESTBROOK CORPORATE CENTER, WESTCHESTER, IL, 60154

Type of Company

Public

Employees (Worldwide)

12K

Industries

Agriculture & Mills
Industrial Machinery & Manufacturing
Retail: Other
Food
Beverages

Company Description

Corn Products has changed its name to Ingredion to better reflect the ingredients we supply and the markets we serve. What has not changed is our commitment to supplying our customers with quality, innovative ingredient solutions that are on-trend and in demand. Headquartered in the Chicago suburb of Westchester, Illinois, Ingredion Incorporated is one of the world’s leading ingredient solutions providers; we turn corn, tapioca, wheat, potatoes and other raw materials into a myriad of ingredients for the food, beverage, brewing and pharmaceutical industries as well as numerous industrial sectors. With more than 10,000 employees around the world, we serve customers in more than 60 diverse markets in over 40 countries. In 2011, our net sales reached $6.2 billion - a growth of 42% over 2010. Through strategic acquisitions, organic growth, and innovative research and development, we are providing unique product offerings to growing markets. Our starches, sweeteners, texturants and nutritionals are used by our customers to provide everything from sweetness, taste and texture to immune system support, fat replacement and adhesive strength. We make foods and beverages taste better, baby powders and cosmetics smooth to the touch, cereals and crackers crisper, breads brown evenly, IV solutions for patients in need, ingredients for the pharmaceutical industry, and much more. Our regional businesses, staffed by experts who understand the unique needs of their specific markets, are supported by a global network of engineering and ingredient development centers. Our geographic footprint and diverse organization give us the capability to deliver solutions on a global scale and the agility to meet the needs of local markets. Finally, our name may have changed, but our company values have not. We remain committed as ever to our core values of Safety, Quality, Integrity, Respect, Excellence and Innovation. As you explore our website and talk to our people, you will find our legacy as one of the world’s largest ingredient suppliers with over 100 years of experience remains steadfast and growing for the next century and beyond

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Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel, Corporate Secretary & Chief Compliance Officer

Senior Vice President & Chief Commercial Officer

Chief Information Officer

Senior Vice President & Chief Innovation Officer

Chief Supply Chain Officer & Senior Vice President

Senior Vice President, Chief Innovation Officer

Chief Supply Chain Officer

Senior Vice President & Chief Human Resources Officer

Board of Directors

President at General Cable Technologies Corp.

President & Director at Venezuelan American Chamber of Commerce & Industry

Director, President & Chief Executive Officer at AptarGroup, Inc.

Former Chief Financial Officer & Senior Vice President at CDW Corporation

Former Senior Vice President & Chief Financial Officer at Brunswick Corporation

Former Senior Vice President, Global Marketing, Kraft Cheese & Dairy at Mondelez International, Inc.

Former Group President at Fluor Corporation

Manager at Container Life Cycle Management LLC

Senior Vice President & President, Asia-Pacific & Global Head of Pharma, Home & Beauty at Ingredion, Inc.

President, Chief Executive Officer & Director at Ingredion, Inc.

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Ingredion, Inc.
Owners & Shareholders
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Founded in 1965, Caisse de Dépôt et Placement du Québec is one of the largest institutional fund managers in Canada and North America. They are the leading private equity investor in Canada and are also one of largest real estate asset managers in the world. The Caisse is headquartered in Québec, Canada.

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Yacktman specializes in long-term US equity investment strategies. They may also invest in foreign equities, debt securities, and options. The firm is research-oriented and primarily utilizes fundamental analysis for the selection of equity investments. They employ a disciplined strategy and invest in securities of any size at prices that they believe offer an attractive forward rate of return. When implementing investment strategies for their clients, Yacktman uses strategies including long and short-term purchases, margin transactions and options writing, including covered options or uncovered options.

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EIC seeks the best overall execution of their investment decisions on behalf of their clients. The firm diversifies portfolios across industry groups, with initial position sizes of 2% to 4%. The average number of positions in a portfolio is between 30 and 40. A position is trimmed if it reaches 6% (due to relative price appreciation). Portfolios are constructed from the bottom-up, sector weights and cash are a residual of the stock-selection process. The firm manages three disciplines: All-Cap Value, Mid-Cap Value, and Large-Cap Value as well as an ESG strategy. In order for EIC to buy a stock, it must be selling at a discount to its fair value as an ongoing business entity, it must be structurally sound, and it must pass our accounting and earnings quality due diligence.

Recent Transactions
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Ingredion, Inc. purchases Purecircle Ltd.

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Ingredion, Inc. purchases Western Polymer Corp.

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Ingredion, Inc. purchases Sun Flour Industry Co., Ltd.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onIngredion, Inc. purchases National Starch LLC from Akzo Nobel NV

Investment Advisor

Advised onIngredion, Inc. purchases SPI Polyols, Inc. /Food Business from SPI Polyols, Inc.

Investment Advisor

Advised onIngredion, Inc. purchases National Starch LLC from Akzo Nobel NV

Legal Advisor

Advised onIngredion, Inc. purchases National Starch LLC from Akzo Nobel NV

Associate

Advised onIngredion, Inc. purchases Sun Flour Industry Co., Ltd.

Legal Advisor

Advised onIngredion, Inc. purchases National Starch LLC from Akzo Nobel NV

Advisors & Consultants
Legal Advisor

Co-Executive Chairman at Winston & Strawn LLP

Legal Advisor

Partner at BDT Capital Partners LLC

Advisor

Founder at Anthony Riker LLC

Clients

Ambev SA engages in the production, distribution, and sale of beverages. Its products include beer, carbonated soft drinks, and other non-alcoholic and non-carbonated products. It operates through the following geographical segments: Brazil, and Central America and The Caribbean (CAC), and Canada. The Brazil segment focuses on the beer sales division and the NAB sales division. The CAC segment includes its direct operations in the Dominican Republic, Saint Vincent, Antigua, Dominica, Cuba, Guatemala, Barbados, and Panama. The Canada segment covers includes domestic sales in Canada and some exports to the United States market. The Canada segment represents the Labatt’s operations. The company was founded on July 8, 2005 and is headquartered in São Paulo, Brazil.

Univar Solutions, Inc. is a chemical and ingredients distributor and provider of specialty services. It operates through the following segments: USA, Canada, Europe and the Middle East and Africa, and Latin America. The company was founded by George van Waters and Nat Rogers on August 8, 1924 and is headquartered in Downers Grove, IL.

Coca-Cola FEMSA, S.A.B. de C.V. is the largest Coca-Cola bottler in the world, in terms of sales volumes, delivering more than 2.5 billion unit cases a year.See Corporate Profile & History Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City, as well as parts of southeast and northeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater São Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state of Goias, and part of the state of Minas Gerais), and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 34 bottling facilities in Latin America and serves more than to 1,600,000 retailers in the region. See Brands The Company’s capital stock is owned 48.9% by a wholly-owned subsidiary of Fomento Económico Mexicano, S.A. de C.V. (FEMSA), 28.7% by wholly-owned subsidiaries of The Coca-Cola Company, and 22.4% by the public. The publicly traded shares of KOF are Series L shares with limited voting rights and are listed on the Bolsa Mexicana de Valores (BMV: KOFL) and as American Depository Shares (ADS) on the New York Stock Exchange (NYSE: KOF). Each ADS represents ten Series L shares. See Ownership Breakdown Our Ideals Our goal is to continue to build on our compelling track record of growth, focusing on the disciplined execution of the pillars of our strategic framework to improve our position in the global beverage industry. These pillars include (i) achieving our business’ full operating potential, (ii) driving growth through innovation, (iii) growing through value creating mergers and acquisitions and (iv) and furthering our Company’s sustainable development. Always, we draw on the core values that have driven our success from the beginning. These values include: Our passion for service and focus on the client and consumer: we are committed to satisfying our customers and consumers’ need for quality refreshment. Our creativity and innovation: whether we work on the bottling line, in pre-sale or in delivery, we view issues as opportunities to satisfy our customers, to improve our operating practices, and to make our business grow. Our teamwork: we promote a positive team environment in which we share ideas, solve problems, and are committed to each other’s success. Our respect for the individual, for their rights and dignity: we work to develop deep and lasting business relationships based on trust. Our high quality standards and productivity levels: we always look for improvements throughout the value chain and the better usage of the available resources, which let us being one of the most profitable bottlers in the world. Today more than ever, our values are essential to our long-term business success. By putting our values in action and capitalizing on our actions to bring value, we hope to seize the many opportunities that lie before us.

Key Stats and Financials As of 2020
Market Capitalization
$6.08B
Total Enterprise Value
$7.11B
Earnings Per Share
$5.15
Revenue
$5.99B
Net Profit
$348M
Enterprise Value EBITDAOperating
7.16x
TEVNet Income
20.44x
Debt TEV
0.33x
EBITDAMargin
16.16%
Enterprise Value / Sales
1.19x
Total Equity
$3.04B
Total Debt
$2.37B
EBITDA
$968M
Three Year Compounded Annual Growth Rate Of Revenue
0.89%
Non-Profit Donations & Grants
$10K - $25K
2019
$1,000 - $4,999
2019
Investments
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Clara Foods engages in producing eggs. Its egg white products are used in food cakes, meringues, and macarons. The company was founded by David Anchel, Isha Datar, and Arturo Elizondo and is headquartered San Francisco, CA.

Suppliers
Trimac Transportation Inc. (Canada) Other Transportation | Calgary, Canada

Trimac Transportation Inc. provides bulk trucking services. The firm operates its business through various segments: Bulk Trucking, Bulk Plus Logistics, and National Tank Services. The Bulk Trucking segment involves in specialized transportation of products and commodities. The Bulk Plus Logistics segment offers logistics services with operations from coast-to-coast. The National Tank Services segment provides routine repairs, maintenance, and wash rack services for both the company's fleet and for third party commercial customers. It also provides complementary logistics services including transload facility operations, distribution management, freight brokerage, and transportation consulting. The company was founded by J. W. McCaig and Al Cameron in 1945 and is headquartered in Calgary, Canada.

Rand Logistics, Inc. Holding Companies | Jersey City, NJ

Rand Logistics, Inc. engages in the provision of marine bulk freight shipping services throughout the Great Lakes region. It transports construction aggregates, salt, grain, coal, iron ore, and other dry bulk commodities for customers in the construction, electric utility, food, and integrated steel industries. The company was founded on June 24, 2004 and is headquartered in Jersey City, NJ.

SweeGen, Inc. Wholesale: Industrial Products & Manufacturing | Rancho Santa Margarita, CA

SweeGen, Inc. engages in the development, production, and distribution of non-caloric, non-genetically modified organism sweeteners for the food, flavor, and beverage industries. Its products include bestevia reb-m 95%, and bestevia reb-d 95%. The company was founded on April 1, 2013 and is headquartered in Rancho Santa Margarita, CA.

Competitors
Archer Daniels Midland Co. Agriculture & Mills - Chicago, Illinois

Archer-Daniels-Midland Co. processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals. The Carbohydrate Solutions segment engages in corn wet milling and dry milling activities; and also converts corn into sweeteners, starches, and bioproducts. The Nutrition segment provides customer needs for food, beverages, health and wellness, and more. Archer-Daniels-Midland was founded in 1902 and is headquartered in Chicago, IL.

Cargill, Inc. Food - St. Paul, Minnesota

Cargill, Inc. engages in the provision of food, agricultural, financial, and industrial products and services. It specializes in food service, agriculture, meat and poultry, transportation, pharmaceutical ingredients, and beauty products. The company was founded by William Wallace Cargill in 1865 and is headquartered in Minneapolis, MN.

Tate & Lyle Plc Agriculture & Mills - London, United Kingdom

Tate & Lyle Plc engages in the provision of ingredients and solutions to the food, beverage and other industries. It operates through the following segments: Food & Beverage Solutions, Sucralose, and Primary Products. The Food & Beverage Solutions and Sucralose segment provides solutions for customers that meet consumer demand for healthier and tastier food and drink. The Primary Products segment offers high volume food and industrial products for customers in the North American market. The company was founded in 1921 and is headquartered in London, the United Kingdom.

Awards & Honors
Rank #456
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #456
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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