Baking & Snacks

On May 6, Ingredion’s shares closed at US$138.44 on the New York Stock Exchange, marking an increase of US$4.81 per share, or 3.6%, from the previous day.

While traditional electric heating has been in use for decades, inductive heating provides greater energy efficiency and new possibilities for precise control.

To assist with this review, the company has hired Goldman Sachs & Co. and will consider a broad range of strategic options to enhance value.

Revenue surged by 61% to NN294.885 billion (US$183M), compared to N183.484 billion (US$114M) in Q1 2024.

This move could bring together two of the UK’s most recognized packaged bread brands, Kingsmill and Hovis, under the same ownership.