WESTCHESTER, Ill.—Corn Products International shareholders voted to change the company’s name to Ingredion, Inc., to better showcase its role as a leading global ingredients solutions company serving the food, beverage and brewing industries worldwide.
Business units in the United States will move to register the name legally and begin doing business as Ingredion in early June. The rest of North America will follow later in 2012, with other countries and regions transitioning to the new name by the end of 2013.
The name change is the culmination of a long-term growth strategy that included the acquisition of National Starch in 2010. The U.S. units making the name change in June include Corn Products U.S. and National Starch. Beginning June 4, 2012, Corn Products will be listed on the New York Stock Exchange as Ingredion (NYSE: INGR).
“We are thrilled to face the marketplace with a name that says ‘ingredient solutions,’" said Ilene Gordon, the company’s chairman, president and chief executive officer. “We’re proud of our legacy in providing consistently high-quality ingredients to our many customers and helping them succeed in new realms with innovations they can get nowhere else. We will continue to build our expertise and ingredient solutions portfolio to help our customers address trends and compete better around the world."