Penford Food Ingredients Enters Market for Pet Chews and Treats
April 17 2007 - 2:29PM
Business Wire
Penford Food Ingredients, a division of Penford Corporation
(NASDAQ: PENX), today announced that it has entered the growing
market for companion pet chews and treats. �We have extended our
expertise in carbohydrate technology and food science to bring our
customers innovative products that address the requirements of
today�s consumers,� said John Randall, President, Penford Food
Ingredients. Recognizing opportunities to connect product
development, food science, product safety and efficacy, Penford
created a platform that can deliver a variety of proprietary
formulations, applications and services to the pet industry.
Penford has developed a range of extruded and injection molded
treats and chews for pets that are based on new carbohydrate
technology. These products are designed to address consumer demands
for safer and more functional products that enhance health and
quality of life for companion pets. Penford Corporation President
and Chief Executive Officer Tom Malkoski stated, �Our entry into
the pet segment is consistent with our business model of
identifying unmet market needs, applying technology to develop
products that create value for our customers and delivering desired
benefits to end consumers.� Penford will exhibit its range of new
products at the 2007 Petfood Forum, a premier event for the pet
food industry, taking place this week in Chicago. About Penford
Food Ingredients Penford Food Ingredients is a leading supplier of
specialty starches, dextrose and dextrins to the processed food and
nutraceutical industries. Penford Food Ingredients is headquartered
in Centennial, Colo., and operates production facilities in
Wisconsin, Idaho, Washington, and Iowa. For more information,
please call 800-652-4732 or visit www.penfordfoods.com.
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