As part of the realignment, Ingredion said it will transition from a company organized by regions to one organized by production assets and commercial efforts.
The global bakery ingredients manufacturer and distributor plans for this to be the first in a series of US locations created to provide its customers with innovative products and ideas.
The bump up in adjusted earnings-per-share
came against a backdrop of slightly lower year-over-year earnings at the St. Louis-based company in the third quarter.