Brenntag, the global market leader in chemicals and ingredients distribution, acquired the US-located JM Swank, Lentz Milling Company and Armour Lard.
Working Together to Better Service Our Customers Nationwide
The companies are leading distributors of food ingredients and reported sales of approximately USD 500 million in 2020. With an enterprise value of USD 304 million, this expands Brenntag’s position in the North American Nutrition industry.
Christian Kohlpaintner, Chief Executive Officer of Brenntag SE: “With this acquisition, we acquire a renowned leader in the North American market in the sector of food ingredients distribution. This strategic acquisition will double Brenntag’s size in the Nutrition business in the region and thus creates the leading food ingredients and food process chemicals distributor in North America with approximately one billion US dollars in revenue. Nutrition is one of the defined focus industries in the Brenntag Specialties division. This acquisition is fully in line with our M&A strategy as it accomplishes key strategic objectives: acquiring companies generating a meaningful operating EBITDA contribution as well as targets accelerating growth of our Brenntag Specialties division.”
The acquired companies offer a highly diversified product portfolio of food ingredients such as spices, dairy, grain, sweeteners, fats & oils, texturants, flavors & colors, starches, cocoa, ready-to-use bakery products and inclusions. The broad product line perfectly complements Brenntag’s existing portfolio in the Nutrition industry.