Penford Corporation is a global ingredient solutions company that produce sweeteners, starches, and unique ingredients from plant sources. It develops, produce, and markets specialty natural-based ingredient systems for industrial and food ingredient applications, including fuel grade ethanol. The company operates in two segments, industrial ingredients and food ingredients. The industrial ingredients segment provides chemically modified specialty starches to the paper and packaging industries in ethylated, oxidized, and cationic forms. The Food Ingredients segment offers specialty starches, dextrins, and gums to the food manufacturing and food service industries. Penford Corporation was founded in 1894 and is headquartered in Centennial, Colorado.