Brenntag Specialties Acquires Colony Gums

Brenntag announces agreement to acquire Colony Gums, Inc., a US-based stabilizer blends manufacturer and blending services provider. The acquisition is expected to complement and expand Brenntag's product portfolio and services in the life sciences sector, particularly in nutrition. life sciences

Michael Friede, CEO of Brenntag Specialties, stated:

"Colony Gums will complement our existing business and enable us to serve other customers in the global life sciences markets with stabilizer blends, blending solutions and hydrocolloids in our growing nutrition market. This is part of our 'Win Strategy' to expand and fill white spaces in our life sciences portfolio. I look forward to working with our new colleagues in Monroe and am excited to welcome them to the Brenntag team." Colony Gums is a family-owned company headquartered in Monroe, North Carolina. Currently serving customers across North America with more than 30 employees, the company has become a specialty ingredient supplier and blending services provider over several generations. The company achieved annual sales of USD 38 million in 2022. Financial details of the agreement were not disclosed. Completion of the acquisition is subject to certain conditions, including regulatory approvals, and is expected to be completed in the fourth quarter of 2023. Source