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Companies · INGR

INGR Reported this cycle

Ingredion

Westchester, IL Food & Beverage

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Latest analysis

Updated Aug 20, 2026

Ingredion appoints CFO Diego Reynoso from Boston Beer with 25+ years in food/beverage

Ingredion has elected Diego Reynoso as Executive Vice President and Chief Financial Officer, effective October 1, 2026, succeeding interim CFO Jason Payant. Reynoso brings 25 years of finance and operations experience across alcoholic beverage and food manufacturing, including CFO roles at Boston Beer, Tyson Foods' $10 billion Prepared Foods division, and Constellation Brands' $5 billion beer division. The appointment follows the March 2026 resignation of James D. Gray. Reynoso's compensation package includes a $725,000 base salary, $770,000 sign-on cash award (paid in tranches), and $2 million in equity sign-on grants, with annual long-term incentive targets of $1.6 million starting 2027.

Tone: neutral

Revenue

$7.2B

INGR 10-K · FY 2025

Employees

11,200

Revenue FY2024

$7.4B

Headquarters

Westchester, IL

Profile

INGR 10-K Item 1 · Feb 17, 2026

Ingredion is a leading global ingredient solutions provider that transforms grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. The company develops, produces and sells primarily starches and sweeteners to customers across more than 60 industries worldwide. Its three reportable segments are Texture & Healthful Solutions, Food & Industrial Ingredients–LATAM, and Food & Industrial Ingredients–U.S./Canada.

Read filing description ↓

Ingredion Incorporated is a leading global ingredient solutions provider that transforms grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. Its purpose is to bring the potential of people, nature and technology together to make life better. The company develops, produces and sells a variety of food and beverage ingredients, primarily starches and sweeteners, for a broad range of customers in over 60 industries worldwide. Ingredion derives most of its products by processing corn and other starch-based materials such as tapioca, potato, peas and rice. Product lines include starches and sweeteners, animal feed products and edible corn oil. Starch-based products include both food-grade and industrial starches, as well as biomaterials and non-GMO products. Sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, glucose and syrup solids, high-intensity sweeteners and various non-GMO products. The company also produces pulse-based protein ingredients from yellow peas and sells refined corn oil, corn gluten feed and corn gluten meal. Ingredion operates three reportable segments: Texture & Healthful Solutions, which serves global customers with innovative, higher-margin ingredient solutions; Food & Industrial Ingredients–LATAM, which serves local food and industrial markets across Latin America; and Food & Industrial Ingredients–U.S./Canada, which serves local food and industrial markets in North America. The company operates 41 active manufacturing facilities globally and leverages a network of 30 Ingredion Idea Labs for innovation and customer collaboration.

Primary products

  • modified and native starches
  • clean-label texturizers
  • hydrocolloids
  • customized formulations
  • glucose syrups
  • high maltose syrups

Business segments

Texture & Healthful Solutions Food & Industrial Ingredients–LATAM Food & Industrial Ingredients–U.S./Canada All Other

End markets

Food Beverage Animal Nutrition Brewing Industrial Paper Textiles Pharmaceuticals Cosmetics

Geographies

U.S. Canada Mexico Latin America Brazil Colombia Peru Argentina Chile Uruguay Germany United Kingdom Asia-Pacific China Thailand India Malaysia Pakistan South Africa

Named competitors

Archer-Daniels-Midland Company Tate & Lyle Cargill Roquette ALMEX Primient
“The starch and sweetener industry in the U.S. and Canada is highly competitive, and competition within these markets is largely based on product functionality, price and quality.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Net sales decreased 3 percent to $7.2 billion for 2025 compared to $7.4 billion for 2024, driven by lower volumes across the F&II segments and price mix from the pass-through of lower raw material costs, partially offset by favorable T&HS volumes.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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