Sajo to acquire South Korean business from Ingredion.

Sajo, a deep-sea fishing company, agreed to acquire South Korean business from Ingredion, provider of ingredient solutions to the food and beverage industry. Financial terms were not disclosed. “As we look forward in our business transformation, we will take actions to sharpen our customer focus and pursue global growth opportunities. We believe this transaction is an example of putting our strategy into action to unlock value and redeploy assets in pursuit of our growth roadmap to create value for shareholders," Jim Zallie, Ingredion President and CEO.