Forbes Partners Advises Colony Gums on its Sale to Brenntag Specialties

Colony Gums retained Forbes Partners to obtain an distinctive final result, leveraging its expertise guiding companies by the complexities of the method.

DENVER, COLORADO, UNITED STATES, October 10, 2023 /EINPresswire.com/ — Forbes Partners, an award-winning center market funding financial institution, introduced it has served as unique advisor to Colony Gums, Inc. (“Colony Gums”), a US-based producer of stabilizer techniques and hydrocolloids, on its acquisition by Brenntag Specialties (“Brenntag”).

Primarily based in Monroe, North Carolina, Colony Gums is a family-owned specialty enterprise that has grown considerably over a number of generations. Colony is considered by its prospects as a middle of innovation that they rely on to create new, first-of-a-kind formulations that can be utilized to develop extra superior and differentiated merchandise. Headquartered in Essen, Germany, Brenntag is a worldwide market chief in chemical compounds and components distribution with a powerful portfolio of services and products for the life sciences sector.

The acquisition positions Colony Gums to broaden its providing of specialty stabilizers and hydrocolloids by Brenntag’s world attain, whereas enabling Brenntag to strengthen its place inside the fast-growing diet market and produce prospects the good thing about Colony Gums’ many years of formulation experience.

Colony Gums retained Forbes Partners to obtain an distinctive final result, leveraging its expertise guiding center market companies by the complexities of the sale course of.

“Colony is an ideal instance of the sort of enterprise consumers are clamoring for proper now,” mentioned Bob Forbes, President of Forbes Partners. “This 85-year-old firm has achieved breakaway progress by innovating and changing into a trusted provider to most of the prime meals firms on the earth. We noticed the chance to run a sturdy gross sales course of for this distinctive enterprise and had been thrilled that the house owners entrusted us to deal with it.”

“We really feel like Brenntag is a house run partnership and are excited to see Colony proceed to innovate and develop with its new associate,” mentioned Blake Shear, Managing Director at Forbes Partners.

“The Forbes staff was superb and guided us each step of the best way,” mentioned Rob Muhlsteff, President of Colony Gums. “They helped us put together and place the corporate and immediately managed negotiations and due diligence to get us to the end line with the absolute best purchaser.” Chris Muhlsteff, Vice President of Colony Gums famous, “We particularly appreciated how they helped us articulate what makes Colony Gums so particular in a method that was actually compelling to consumers like Brenntag.”

It’s anticipated the transaction will shut in This autumn 2023.

About Forbes

Forbes Partners and its associates, Forbes M+A and Forbes Transaction Advisory Companies, present funding banking and transaction associated enterprise advisory companies to distinctive center market firms. This award-winning agency gives deep experience in mergers and acquisitions, elevating capital, and monetary restructuring, by a staff of senior advisors with 300+ years and $85+ billion of mixed transaction expertise throughout all kinds of industries and across the globe. With places of work in Denver, CO, Salt Lake Metropolis, UT, and Charlotte, NC, Forbes has been acknowledged because the M&A Center Market Agency of the 12 months for the previous seven years and was named one of many fastest-growing personal firms in America by Inc. Journal. For extra data, go to www.forbes-partners.com.

About Colony Gums

For over 4 generations and 85-plus years, Colony Gums has served the meals, pharmaceutical and chemical industries with the best high quality gums and stabilizers, making the corporate one of many forefathers in hydrocolloid ingredient provide. Colony Gums takes delight in serving to prospects develop particular formulations, gum techniques, and stabilizers to meet their particular wants for product growth and performance. For extra data, go to www.colonygums.com.

About Brenntag

Brenntag is the worldwide market chief in chemical compounds and components distribution. The corporate holds a central function in connecting prospects and suppliers of the chemical trade. Headquartered in Essen, Germany, Brenntag has greater than 17,500 staff worldwide and operates a community of about 600 websites in 72 international locations. In 2022, Brenntag generated gross sales of round 19.4 billion EUR. The 2 world divisions, Brenntag Necessities and Brenntag Specialties, present a full-line portfolio of commercial and specialty chemical compounds and components in addition to tailored software, advertising and marketing and provide chain options, technical and formulation assist, complete regulatory know-how, and digital options for a variety of industries. Within the area of sustainability, Brenntag pursues particular targets and is dedicated to sustainable options in its personal sector and the industries served. Brenntag shares have been listed on the Frankfurt Inventory Change since 2010, within the DAX since September 2021. As well as, the Brenntag SE shares are listed within the DAX 50 ESG and DAX ESG Goal. For extra data, go to www.brenntag.com.

Christopher Meunier
Forbes Partners
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