Ingredion shutting down Brazil plant, taking $43M charge in Q2 2026

Filed May 5, 2026 · Period ending May 1, 2026 · ~1 min read

Key Changes

• high

  Company closing Cabo, Brazil manufacturing facility by June 30, 2026, with operations ceasing entirely. Expects to sell the property after shutdown.

  Item 2.05 verify on EDGAR →
• high

  Total pre-tax charges of $43M expected: $36M in non-cash impairment charges for fixed assets and inventory write-downs, plus $7M in cash costs for employee severance and termination expenses.

  Item 2.05 verify on EDGAR →
• medium

  Bulk of charges ($36M impairment) will hit Q2 2026 earnings, with remaining costs flowing through Q1 2027. Non-cash charges won't affect operating cash flow.

  Item 2.05 verify on EDGAR →