Ingredient suppliers announce new hires, acquisitions and releases
New releases and corporate changes mark ongoing innovation, growth
Westchester, Ill.-based Ingredion Inc. reported second quarter 2020 results indicating that although net sales were down 13 percent from 2019 due to adverse impacts from COVID-19, the company anticipates demand for food consumed in the home to remain elevated, increasing volumes for ingredients that are part of the recipes for these meals.
Rancho Santa Margarita, Calif.-based SweeGen recently announced its joint venture with the China Commercial Foreign Trade Group (CCFT) as the strategic partner to distribute Bestevia next-generation non-GMO zero-calorie stevia sweeteners through its distribution channels in China. The joint venture will transform the sugar market by providing food and beverage manufacturers in China with the highly sought-after sugar reduction solutions from Sweegen.