ESSEN, GERMANY โ Brenntag, a Germany-based distributor of chemicals and ingredients, is acquiring Colony Gums, Inc. Terms of the acquisition were not disclosed.
Colony Gums, based in Monroe, NC, is a manufacturer of gums and stabilizers for the pharmaceutical, chemical and food industries. Colony Gums also works with hydrocolloids.
The acquisition will enable Brenntag to add and expand its product portfolio and services in life sciences, primarily in nutrition, the company said.
โColony Gums will complement our existing business and enable us to serve customers with stabilizer blends, blending solutions and hydrocolloids in our growth market of nutrition, and other customers in life sciences markets globally,โ said Michael Friede, chief executive officer of Brenntag Specialties. โThis is part of our โStrategy to Winโ to expand and fill white spots in our life science portfolio. I look forward to working with our new colleagues in Monroe and am excited to welcome them to the Brenntag team.โ
