Tag Archives: Nutrition

IMPAG acquires FALCONE Specialties

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Swiss Chemical Distribution Industry sees further Consolidation

Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired compatriot FALCONE Specialties AG (Regensdorf (Zurich), Switzerland) for an undisclosed sum from shareholders Sebastiano Falcone and Roman Widmer, effective 20. October 2021.

 

The company, which was founded in 2010 and serves a number of industries such as Paints & Coatings, Rubber, Food & Beverages and Nutrition, will continue to trade under its current name within IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria. FALCONE’s Managing Partner Roman Widmer will relinquish his current role effective end of 2021, and subsequently assume new responsibilties within IMPAG Group, the announcement said.

 

No financial details were disclosed on the transaction.

 

Source: IMPAG press release, FALCONE market communication, DistriConsult analysis

 

HGE – DCG / 29.10.2021

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

IMPAG acquires Barcelona based INNOVAFOOD

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Swiss Distributor enters Iberian Peninsula with Food Ingredients Acquisition

Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired INNOVAFOOD 2005 S.L. (Barcelona, Spain) from founder and CEO Oriol Viladevall for an undisclosed sum.  The company,  which is active in the Food & Nutrition sector, has a turnover of ca. EUR 10 mn according to media reports, split ca. 40:60 between distribution and agency.

 

INNOVAFOOD was established in 2005 and supplies a range of natural food ingredients. The company will be integrated into the IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria.

 

Source: IMPAG press release, www.sweetpress.com, DistriConsult analysis

 

HGE – DCG / 20.04.2021

IMCD to divest Nutri Granulations Business in the U.S.

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International Distributor finds new Owner for Manufacturing Facility in California

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials [“HEM”] (Atlanta, GA – United States), a division of J.M. Huber Corporation [“Huber”] for an undisclosed sum.

 

The manufacturing facility is located in La Mirada, CA and has 22 employees. Nutri Granulations manufactures both, food grade and USP grade Calcium Carbonate granulations for the Nutraceuticals, Food, Over-the-Counter, and Pharmaceuticals markets. It was taken over by IMCD as part of the acquisition of U.S. west coast distributor E.T. Horn in 2018.

 

Closing of the transaction is planned for the end of March 2021, the announcement said.

 

Source: IMCD press release

 

HGE – DCG / 10.03.2021

IMCD to acquire Mexican Distributors Millikan and Banner Química

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Guenther Eberhardguenther

Further Momentum for IMCD’s Growth Plans in Mexico

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced the acquisition of Millikan S.A. de C.V. [“Millikan”] and Banner Química S.A. de C.V. [“Banner Química”] (Mexico City, Mexico), two distributors of specialty chemicals. This follows the establishment of IMCD Mexico in April 2020, a company that serves the Pharmaceuticals, Food, Nutrition and Personal Care industries.

 

Millikan was established in 1998 and offers technical support and commercial expertise to customers in the Food, Nutrition, Pharmaceuticals and Industrial markets. Banner Química, set up in 2009, has a history in providing  formulations and solutions for Personal Care and Home Care.

 

The two companies collectively generated revenues of USD 15 mn (ca. EUR 13.1 mn) in 2019 and will add 60 employees to the IMCD Mexico team, the announcement said. IMCD’s technical capabilities will also be enhanced through the addition of Food and Personal Care laboratories. No financial details were disclosed on these two transactions.

 

Source: IMCD press release

 

HGE – DCG / 07.12.2020

Univar Solutions appoints Matthew Ottaway Senior VP Beauty Care and Nutrition

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U.S. based Distributor bundles End Markets served into select Macro Categories

Global chemicals and ingredients distributor Univar Solutions, Inc. (Downers Grove, IL – United States) announced that it has appointed Matthew Ottaway Senior Vice President Beauty Care and Nutrition. This appointment comes the company announced recently that it would combine of its 14 “end markets” into five “macro categories”, namely Consumer Solutions, General Industrial, Services & Other Markets, Industrial Specialties, and Refining & Chemical Processing. In his new role, Ottaway “will be accountable for the continued expansion and growth of Univar Solutions existing global businesses of Food Ingredients, Beauty, and Personal Care as well as the globalization of the Nutraceuticals business currently operating in Canada”, Univar said in the announcement.

 

Ottaway, who joined Univar in 2014, has more than 20 years of chemical and ingredients industry experience, working for both producers and distributors in sectors such as Beauty and Personal Care, Food Ingredients, Pharmaceuticals, and Coatings, the company said. His most recent position with Univar Solutions was that of Vice President Focused Industries EMEA, where he had a focus on sales execution as well as supplier management and geographic expansion. 

Source: Univar press release

HGE – DCG / 11.06.2020

Specialty Chemicals Distributor Quadra Chemicals acquires PlusPharma in the U.S.

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Canadian Distributor bolsters its U.S. Presence for Pharma and Nutrition Ingredients

Family owned speciality chemicals distributor Quadra Chemicals Ltd. (Vaudreuil-Dorion, Quebec – Canada) recently announced that the company has acquired PlusPharma, Inc. (Vista, California – United States), a privately held distributor of specialty ingredients for the Pharmaceutical and Nutritional Supplements markets.

The acquired company has been active for over 30 years, Quadra said in a statement. It has a technical support team that is “assisting customers by offering formulation advice, troubleshooting production challenges, and conducting on-site training.”

Quadra had first expanded from Canada into the United States in 2016, when it set up its U.S. subsidiary Quadra Chemicals, Inc. (Woodlands, Texas – United States), which represents the company’s Reseources Division,  responsible for both the Mining and Energy Groups.

Source: Quadra press release

HGE – DCG / 11.11.2019