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Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.With an enterprise value of $304 million, JM Swank is a food ingredients distributor based in Iowa, US.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.The company – which reported sales of approximately $500 million in 2020 – offers a diverse range of food ingredients, including spices, grains, sweeteners, fats and oils, texturants, flavours and colours, starches, cocoa, inclusions and dairy ingredients.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.According to Brenntag, JM Swank’s portfolio complements its own nutrition offerings, and the acquisition marks a ‘decisive step’ in expanding its position in the North American nutrition market.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.Christian Kohlpaintner, CEO of Brenntag, said: “With JM Swank, we acquire a renowned leader in the North American market in the sector of food ingredients distribution.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.“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 distrmagnesium glycinate 320 mgibutor in North America with approximately $1 billion in revenue.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.“Nutrition is one of the defined focus industries in the Brenntag Specialties division. This acquisition is fully in line with our M&038;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.”Chemical and ingredients distribution company, Brenntag, has announced its actricalcium citratequisition of JM Swank from Platinum Equity.Platinum Equity acquired JM Swank from ConAgra magnesium malate best brandFoods, now known as Conagra Brands, in 2016.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.“JM Swank exemplifies how Platinum’s approach can create value throughout the entire lifecycle of an investment,” said Platinum Equity managing director, Adam Cooper.Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.“Fois it better to sleep twice a dayllowing the carve out from ConAgra, we executed a comprehensivepure encapsulations calcium magnesiumcitrat transition and transformation programme, providing the business with the tools needed to thrive as an independent company.”Chemical and ingredients distribution company, Brenntag, has announced its acquisition of JM Swank from Platinum Equity.The closing of the transaction is subject to contractual conditions and regulatory approvals, and is expected to be completed within the third quarter of this year.