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
Explore More
Related Acquisitions
-
KPS Capital Partners Acquires Crown's EMEA Food and Consumer Packaging Business (Eviosys)
April 8, 2021
Packaging
KPS Capital Partners signed a definitive agreement to acquire Crown Holdings' Europe, Middle East and Africa food, aerosol and promotional packaging business for €2.25 billion, with Crown retaining a 20% ownership stake. The business (later rebranded Eviosys) operates ~44 manufacturing facilities across EMEA, has ~6,300 employees and generates approximately €2.0 billion in annual revenue; the transaction closed in 2021 to create a standalone platform focused on growth in food and consumer packaging markets.
-
GELPAC Acquires WBC Extrusion Products, Inc.
November 6, 2019
Packaging
GELPAC, a portfolio company of NAMAKOR, has acquired WBC Extrusion Products, Inc., a Haverhill, Massachusetts-based manufacturer of single-use blown polymer films for food, industrial, automotive, medical and commercial packaging. The deal, supported/financed by NAMAKOR and institutional investors including CDPQ and le Fonds Manufacturier Québécois, expands GELPAC's North American manufacturing footprint and integrates WBC's R&D and production capabilities with GELPAC's existing plants.
-
Solina Acquires Food Compounds B.V.
October 6, 2021
Food & Beverage
French savoury-ingredients group Solina (majority-owned by PE firm Astorg) has completed the acquisition of Food Compounds B.V., a Netherlands-based specialist in powder-based premixes and coating systems for potato processors. The deal strengthens Solina's coating expertise and R&D capabilities as part of its ongoing expansion strategy; financial terms were not disclosed.
-
Kensing Acquires Evonik's Hopewell, VA Amphoteric Surfactants and Specialty Esters Operations
November 1, 2022
Manufacturing
Kensing, a One Rock Capital Partners portfolio company, completed the acquisition of Evonik's Hopewell, Virginia amphoteric surfactants and specialty esters manufacturing operations. The add-on expands Kensing's plant-based surfactant and ester product portfolio, strengthening its position in the personal care and home care markets.
-
Gilde-backed conTeyor Group Merges with KTP Kunststoff Palettentechnik
August 13, 2024
Packaging
Benelux private equity firm Gilde Equity Management will become majority shareholder of the newly merged conTeyor–KTP group after conTeyor Group (Belgium) and Germany-based KTP Kunststoff Palettentechnik agreed to merge. The combination creates a leading reusable packaging and storage solutions provider (annual sales ~€200m), with KTP shareholders VR Equitypartner and Wagner Holding retaining a significant minority stake.
-
Paladone Acquires WeCool Toys (Compound Kings) from Private Owner
December 5, 2023
Consumer Products
Two Roads Advisors represented WeCool Toys (maker of Compound Kings slime and compounds) in its sale to Paladone, a portfolio company of private equity firm IVEST Consumer Partners, announced in November 2023. The acquisition brings WeCool's slime, compounds and related toy product lines into Paladone's global gift and novelty portfolio.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.