Penford Products history

The Douglas brothers sold the mill four years later in 1899, seeing their future in corn milling.

As a result, by 1921 the newly rebuilt plant was producing corn syrup.

In 1963, Penick & Ford took a dramatic turn with the deaths of its dominant stockholders, including Joseph Jones and his wife, Eugene Penick Jones, William Penick, and F.T. Bedford.

The R.J. Reynolds/Univar Era: 1965-71

Univar had first incorporated these manufacturing operations as a subsidiary company under the name Penwest, Ltd. on September 20, 1983, for the purpose of carrying out the divestiture.

In 1991, Penford Food Ingredients Company was established as a division of Penford Products to develop, manufacture, and market specialty carbohydrate-based ingredients to the food and confectionary industries.

At the same time, on October 9, 1997, the company announced that it was spinning off 100 percent of the stock of its pharmaceuticals subsidiary to its shareholders.

In April 2000, the company entered into a strategic product development alliance with Dow Chemical Company's Emulsion Polymers global business for coated paper and other applications.

In 2001, product sales of $205.1 million increased $46.9 million or 29.7 percent over sales of the previous year.