The Natural Products Association (NPA), United Natural Products Alliance (UNPA) and Ingredion all announced recent expansions, building on the industry’s growth.
NPA announced that 42 new members joined the organization in January and February. “Every member added to our organization provides an industry-wide contribution, and this new batch of members is no exception," said Daniel Fabricant, Ph.D., NPA CEO and executive director. “We look forward to their involvement as members, especially at a time when the industry finds itself in the middle of several diverse political issues, and we work to educate a new Congress on those matters." Today, more than 100 industry stakeholders are heading to Washington, D.C., to participate in the 18th Annual Natural Products Day, the industry’s cornerstone advocacy event.
UNPA announced the executive-level membership of Salt Lake City-based ASEA to its growing membership. ASEA focuses on providing a sustainable lifestyle by delivering high-quality cellular health products through a principle-based, direct-selling distribution model. Harnessing science, ASEA offers products that utilize molecules native to the human body that enhance vital cellular functions. Founded in 2010, ASEA currently operates in the United States and 24 international markets.
Ingredion Incorporated successfully completed the acquisition of Penford Corporation, a U.S.-based company focused on specialty ingredients for food and non-food applications. The integration is expected to generate annual cost synergies of at least USD $20 million, primarily from efficiencies in the areas of manufacturing, procurement, logistics and general and administrative functions. Excluding one-time costs, the transaction is expected to be $0.08 to $0.12 accretive to earnings on a per share basis in 2015.