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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 14, 1999
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CORN PRODUCTS INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-13397 22-3514823
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6500 South Archer Road, Bedford Park, Illinois 60501-1933
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (708) 563-2400
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On January 14, 1999, Corn Products International, Inc. ("Corn
Products") acquired the corn wet milling business of Bang Il Industrial Co.,
Ltd. (the "Seller"), a Korean corporation, through an asset purchase by a Corn
Products wholly owned subsidiary, Corn Products Korea.
The business of the Seller was established in 1973 with the
construction of a corn wet milling plant in Inchon, Korea and includes the
manufacturing, marketing, distribution, sales and trading of all types of
products derived from the corn wet milling process such as corn starch, glucose
corn syrups, high fructose sweeteners, gluten meal, gluten feed and corn oil. It
has approximately a 14% local market share on a grind basis, grinds
approximately 700 tons per day and is one of five local producers in Korea. The
business employs approximately 130 people and has annual sales of approximately
$70 million.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
CORN PRODUCTS INTERNATIONAL, INC.
(Registrant)
Date: January 29, 1999 By: /s/ James W. Ripley
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James W. Ripley
Chief Financial Officer
(principal financial officer)
