Tag Archives: Spices

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

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

Barentz to acquire Dutch Spice Specialists Royal Polak and De Weerd

Netherlands-based Life Science Ingredients Distributor enhances its Activities in “Taste & Nutrition”

Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired two Dutch spice specialists, Royal Polak Spices (J.S. POLAK Koninklijke Specerijenmaalderij B.V.) and De Weerd Spicerijen B.V. (Steenwijk, The Netherlands) for an undisclosed amount.


Royal Polak is Europe’s leading business-to-business for Cinnamon, Bartetz said in the announcement. De Weerd is focused on natural taste development for the Meat, Snack and Vegetarian sub-sector. The businesses are complementary to the existing activities of Barentz. Jac Sars, previous owner of the two companies, has become a Board Member of Barentz Group and a Strategic Advisor.


No further financial details were disclosed on the transaction.


Source: Barentz press release


HGE – DCG / 10.09.2020