About Penford
Penford is a company based in Centennial (United States) founded in 1894, and was acquired by Ingredion in October 2014. Provider of online pharmacy services and related health products. Penford has completed 1 acquisition, including Gumtech. Penford offers products and services including Texture Solutions and Ingredient Solutions. Its legal entity is Ingredion Incorporated.
Company details
Founded in 1894 and headquartered in Centennial, United States, Penford operates in the online pharmacy sector. A range of pharmaceuticals, cosmetics, and health items is offered through an e-commerce platform, with ordering and delivery services facilitated. Additional features include virtual doctor consultations, a tool for checking medication interactions, and resources such as a drug reference guide and health publications. The focus is placed on accessible online health solutions.
- Headquarters Centennial, United States
- Stage Acquired
- Website penford.com
- Social LinkedIn X
- Acquired by Ingredion (Oct 2014)
- Legal Name Ingredion Incorporated
Products & Services of Penford
Penford offers a comprehensive portfolio of products and services, including Texture Solutions and Ingredient Solutions.
Texture solutions for food and beverages are developed to achieve formulation needs and enhance eating experiences.
Ingredient solutions are supplied for nutrition, sugar reduction, and clean labels to support product development in various categories.
Funding Insights of Penford
- Total Rounds 1
- Last Round Post-IPO — $7.2M
- First Round $7.2M
(Mar 2003)
All 1 funding rounds of Penford with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2003 | $7.2M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Penford
Penford has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ingredion.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Ingredients are supplied to food, beverage, brewing, and pharmaceutical sectors. | 1906 | ingredion.com | Westchester, United States |
Investor details for Penford
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Penford
2 people are tracked at Penford (2 in leadership).
| Name | Role | Group |
|---|---|---|
John Randall | President | Leadership |
Bill Hall | Regional Sales Director | Leadership |
Complete people profiles for Penford
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Penford
Penford has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Gumtech.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Company profile details are limited to name and domain. | gumtech.com | 0 | Mar 2014 | •••• |
Complete acquisition details for Penford
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Penford
Penford was founded in 1894 and raised its 1st funding round 109 years after it was founded.
Penford is headquartered in Centennial, United States. It is registered at Centennial, Colorado, United States.
Founded in 1894 and headquartered in Centennial, United States, Penford operates in the online pharmacy sector. A range of pharmaceuticals, cosmetics, and health items is offered through an e-commerce platform, with ordering and delivery services facilitated. Additional features include virtual doctor consultations, a tool for checking medication interactions, and resources such as a drug reference guide and health publications. The focus is placed on accessible online health solutions.
Penford offers Texture Solutions and Ingredient Solutions.
Penford has made 1 acquisition, including Gumtech.
Penford has 1 investor. Key investors include Ingredion.
Penford operates through Ingredion Incorporated.
Yes. Penford was acquired by Ingredion in October 2014.