Brenntag Food & Nutrition, part of Essen, Germany-based Brenntag SE, has announced the acquisition of the US-located Storm Chaser Holding Corporation (“JM Swank”) from Platinum Equity.  

JM Swank is a leading distributor of food ingredients and reported sales of approximately USD 500 m in 2020. With an enterprise value of USD 304 m, this is a decisive step in expanding Brenntag’s position in the North American Nutrition industry and a key acquisition aligned with Brenntag’s M&A strategy.

JM Swank’s broad product line perfectly complements Brenntag’s existing portfolio in the Nutrition industry. The company offers a highly diversified product portfolio of food ingredients such as spices, dairy, grain, sweeteners, fats & oils, texturants, flavors & colors, starches, cocoa, and inclusions.

Christian Kohlpaintner, Chief Executive Officer of Brenntag SE, comments: “With JM Swank, 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.”