1 Exhibit 21 SUBSIDIARIES OF THE REGISTRANT Year Ended August 31, 1995 Wholly owned subsidiaries of the registrant are: Penford Products Co. incorporated under the laws of the State of Delaware Edward Mendell Co., Inc. incorporated under the laws of the State of Washington Edward Mendell GmBH incorporated under the laws of Germany Edward Mendell Finland OY incorporated under the laws of Finland PENWEST Foreign Sales Corporation All subsidiaries are included in the consolidated financial statements.