Brenntag entered an agreement to acquire Colony Gums, Inc., a US-based manufacturer of stabilizer blends and a blending services provider.
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Colony Gums is a family-owned distributor headquartered in Monroe, N.C. 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.
The acquisition is expected to complement and expand Brenntag’s product portfolio and services in Life Sciences, primarily in nutrition.
Closing of the transaction is expected in Q4 of 2023.
