Brenntag Specialties To Acquire Colony Gums

Brenntag has entered an agreement to acquire Colony Gums, Inc., a US-based manufacturer of stabilizer blends and a blending services provider. 

 

Financial details of the deal are not being disclosed.

 

The acquisition is expected to complement and expand Brenntag’s product portfolio and services in Life Sciences, primarily in nutrition.

 

Colony Gums is a family-owned distributor headquartered in Monroe, North Carolina. The company has grown into a specialty ingredients supplier and blending services provider over several generations, with now more than 30 employees, servicing customers in North America. In 2022, the company reported annual sales of $38 million.

 

Said Robert Muhlsteff, president of Colony Gums, “I am excited to bring Brenntag customers our formulation expertise on stabilizer blends and individual hydrocolloids and adding Brenntag’s broad portfolio of products and solutions to our offerings.”

 

Closing of the transaction is expected in Q4 of 2023.