Penford Food Ingredients Enters Market for Pet Chews and Treats

  
    
  
  
    
      Penford Food Ingredients, a division of Penford Corporation (NASDAQ: 
      PENX), today announced that it has entered the growing market for 
      companion pet chews and treats.
    
    
      “We have extended our expertise in 
      carbohydrate technology and food science to bring our customers 
      innovative products that address the requirements of today’s 
      consumers,” said John Randall, President, 
      Penford Food Ingredients.
    
    
      Recognizing opportunities to connect product development, food science, 
      product safety and efficacy, Penford created a platform that can deliver 
      a variety of proprietary formulations, applications and services to the 
      pet industry. Penford has developed a range of extruded and injection 
      molded treats and chews for pets that are based on new carbohydrate 
      technology. These products are designed to address consumer demands for 
      safer and more functional products that enhance health and quality of 
      life for companion pets.
    
    
      Penford Corporation President and Chief Executive Officer Tom Malkoski 
      stated, “Our entry into the pet segment is 
      consistent with our business model of identifying unmet market needs, 
      applying technology to develop products that create value for our 
      customers and delivering desired benefits to end consumers.”
    
    
      Penford will exhibit its range of new products at the 2007 Petfood 
      Forum, a premier event for the pet food industry, taking place this week 
      in Chicago.
    
    
      About Penford Food Ingredients
    
    
      Penford Food Ingredients is a leading supplier of specialty starches, 
      dextrose and dextrins to the processed food and nutraceutical 
      industries. Penford Food Ingredients is headquartered in Centennial, 
      Colo., and operates production facilities in Wisconsin, Idaho, 
      Washington, and Iowa. For more information, please call 800-652-4732 or 
      visit www.penfordfoods.com.