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Grain Processing Corporation and SPI Polyols, Inc. announces the formation of Innova, LLC

March 16, 2001

Grain Processing Corporation of Muscatine, Iowa, and SPI Polyols, Inc. of New Castle ,Delaware announce the formation of Innova, LLC. The company will produce and market a variety of unique, high performance specialty carbohydrate products for food, pharmaceutical, personal care and industrial applications. Grain Processing Corporation, a privately held company, specializes in spray dried ingredients from corn, and is a leading producer of ethyl alcohol. SPI Polyols is the leading manufacturer of polyols in the Americas, and is part of Associated British Foods, the 5th largest food company in Europe.

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