Announced
Completed
Financials
Tags
Private
Single Bidder
Canada
Friendly
Completed
Acquisition
Private Equity
Food Products
Minority
food ingredients
Cross Border
Synopsis
Benford Capital Partners, a private equity firm, completed the investment in Gum Products International, an operator of B2B food ingredients company focusing on proprietary hydrocolloid blends, vinegar-based antimicrobials and other functional food ingredients. Financial terms were not disclosed. “After 30 years of consistent organic growth, we are excited to have a strong partner in BCP to help us build upon our excellent foundation. Our team looks forward to capitalizing on the growth opportunities ahead of us by continuing to provide custom-formulated ingredients to global CPG customers while offering the same level of service and innovation to small, medium, and large sized customers across the food and beverage value chain," Kenneth Tan, Gum Products International CEO.
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