STAT Communications Ag Market News

Pulse Flour Distribution Agreement

TORONTO - Jun 23/14 - SNS -- Alliance Grain Traders Inc. (AGT) has made Ingredion Incorporated the exclusive distributor of its pulse flours, protein and bran ingredients for its consumer foods and ingredient segments. These segments include products such as baked goods, snacks, pasta and texturing applications covering the United States, Canada, China, Europe, the Middle East and North Africa.

Ingredion is expected to begin introducing these products to market over the next 120 days. Many of the products within this line will be marketed under Ingredion's HOMECRAFT brand that currently encompasses a broad range of functional, gluten free and clean label flours.

"As a leading supplier of specialty flours that are highly functional in a range of applications, such as gluten free, nutrition and fibre enrichment, the addition of the AGT product line greatly expands our ability to serve these and other growing sectors," said Igor Playner, Vice President, Innovation and Strategy, North America of Ingredion.

Ingredion maintains a network of manufacturing facilities, ingredient development centers and sales offices in 40 countries, Ingredion serves customers in more than 100 countries in approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and other industries. For more information, visit www.ingredion.com.

The agreement will allow AGT to ramp up its Minot, North Dakota production facility, noted Murad Al-Katib, AGT President and CEO.

"The application expertise, distribution, reach and global commercialization success of Ingredion is certainly well known in the specialty ingredients market around the world. We believe the specialized 'go-to-market' approach and focus on innovation and product development by Ingredion complements AGT's global leadership in sourcing and processing pulses. We expect this alliance to be a major catalyst for our global food ingredients business, allowing us an increased and added value offering to our customers."

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