Kingswood Capital Management Acquires Corbion's Emulsifiers Business (PATCO Products)

April 2, 2024

Kingswood Capital Management has acquired Corbion’s emulsifiers business (formerly Caravan Emulsifiers) for approximately $326 million; the business will operate as PATCO Products, LLC and remain headquartered in Lenexa, Kansas. The carve-out includes two U.S. manufacturing plants (about 175 employees) and provides emulsifiers for food, personal care, polymer additives, pet food and pharmaceutical markets; Corbion said the divestment lets it focus on fermentation-based technologies.

Buyers
Kingswood Capital Management, LP
Targets
PATCO Products, LLC (formerly Caravan Emulsifiers)
Sellers
Corbion
Industry
Food & Beverage
Location
Kansas, United States
Transaction Type
Divestiture

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