Tag Archives: Dairy

Brenntag to acquire U.S. Food Ingredients Distributor JM Swank

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Creation of the leading Food Ingredients Distributor in the United States

Global chemical distributor Brenntag SE (Essen, Germany) earlier in the week announced the acquisition of the US-based Storm Chaser Holding Corporation [“JM Swank”] (North Liberty, IA – United States) from Platinum Equity (Beverly Hills (Los Angeles), CA – United States). The company is a leading distributor of food ingredients and reported sales of approx. USD 500 mn in 2020. At an enterprise value of USD 304 mn, Brenntag announced the move as “a decisive step in expanding Brenntags’s position in the North American Nutrition industry and a key acquisition aligned with Brenntag’s M&A strategy.”

 

Brenntag said the acquired company offers a highly diversified product portfolio of food ingredients, such as Spices, Dairy, Grain, Sweeteners, Fats & Oils, Texturants, Flavours & Colours, Starches Cocoa, and Inclusions. The broad product line complements Brenntag’s existing portfolio in the Nutrition industry.

 

According to Randy Cimorelli, Chief Executive Officer of consolidated JM Swank, Lentz Milling and Armour Specialty Marketing companies, “the combined scale and resources [of Brenntag and JM Swank] will provide a bigger and even better platform to serve our customers and lead the market in food ingredient distribution.”

 

Source: Brenntag press release; JM Swank website

 

HGE – DCG / 25.06.2021

Azelis announces Agreement to acquire CW Pacific

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Private Equity owned Distribution Group expands Asia-Pacific Coverage

Specialty chemicals and food ingredients distributor Azelis S.A. (Munsbach, Luxembourg) has recently announced that it has signed an agreement to acquire 100% of the shares of CW Pacific, Elle Bee Exports, CW Pacific Specialties and EB1 Pty Ltd [“CW Pacific”] (Mosman (Sydney), NSW – Australia) for an undisclosed sum from founders Skip Webb and Camiel Huisman.

 

Founded in 1997 and currently employing 17 people, CW Pacific specializes in the distribution of food ingredients for the Bakery and Meat markets as well as specialty chemicals for the Horticulture market. The company primarily serves the Australian market, but also Papua New Guinea, New Zealand and other Pacific Islands. All employees will become part of Azelis, including founder and managing director Skip Webb. CW Pacific has offices in Sydney, Melbourne and Brisbane including a food test kitchen (in Brisbane), that provides innovative solutions to its customers, Azelis said in the announcement.

 

Source: Azelis press release

 

HGE – DCG / 29.12.2020