Ingredion (INGR) is a company with a business that is both odd and mundane to most investors - supplying mainly starch and sweetener ingredients to companies that use these ingredients to create their products. But through this article, I will explain why Ingredion, this company much neglected by investors, is quite a compelling buy at current levels.
Ingredion was founded in 1906 and used to be called "Corn Products International" until its name change in 2012. Its business model essentially makes the most out of corn, mainly manufacturing and selling starch and sweetener ingredients, like glucose syrups, high-fructose syrups, high-maltose syrups and caramel syrups. It also sells food grade or industrial starches for various uses, cooking oil...
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