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Penford Corporation

Penford Corporation was a public company that traded on the NASDAQ stock exchange under the ticker symbol "PNX" before it was acquired by Ingredion Incorporated in 2015. Penford was a supplier of natural-based specialty ingredients to the food and industrial markets.

In terms of financial performance, Penford's revenue had been growing in recent years prior to the acquisition. In 2013, the company reported net sales of $247.2 million, up from $221.7 million in 2012. In 2014, Penford's net sales increased to $268.2 million.

The company's earnings had also been improving. In 2013, Penford reported a net loss of $1.4 million, but in 2014, the company reported net income of $1.8 million.

Penford's growth was driven by several factors, including strong demand for its specialty ingredients, strategic acquisitions, and a focus on innovation and new product development. The company invested heavily in research and development to create new products and improve existing ones, which helped it to differentiate itself from competitors and attract new customers.

Overall, Penford was a company with a strong financial performance and a promising growth outlook prior to its acquisition. Its focus on natural-based specialty ingredients and commitment to innovation and new product development made it an attractive target for Ingredion, which saw the acquisition as a way to expand its footprint in high-growth markets and enhance its product portfolio.