Penford to Sell New Zealand Operations

Penford Corporation develops, manufactures and markets specialty, natural-based ingredient systems for industrial and food ingredient applications, including fuel ethanol.

14 Aug 2009 Penford Corporation has announced that Penford Australia Limited, a wholly-owned subsidiary, has entered into a contract to sell 100% of the shares of Penford New Zealand Limited to a New Zealand private investment company. The sale, which is subject to certain conditions, is scheduled to be completed in early September.

Penford Corporation develops, manufactures and markets specialty, natural-based ingredient systems for industrial and food ingredient applications, including fuel ethanol. Penford has nine manufacturing and/or research locations in the United States, Australia and New Zealand.