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Food-Additives Maker Innophos Is Exploring a Sale

Kroger grocery store
Photographer: Luke Sharrett/Bloomberg
Updated on

Innophos Holdings Inc., a maker of food additives used in products as varied as cheese and sports drinks, is exploring options including a sale, according to people familiar with the matter. The shares rose.

The company is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public. A final decision hasn’t been made and Innophos could decided not to pursue a sale.