LBB Specialties subsidiary Charkit Chemical Company has acquired Custom Ingredients, a manufacturer of speciality ingredients, and CA Specialities, a South Carolina-based distributor of ingredients for the personal care market.
Custom Ingredients’s CustoBlend speciality concentrates allow formulators to incorporate more ingredients without the complexity of manufacturing and stocking multiple items, and most allow formulators to cold-blend ingredients, which speeds up manufacturing and lowers production cost.
Custom Ingredients also tailors its products to customer needs and to ensure optimal performance and superior batch-to-batch consistency.
The company was founded in 1995 as a new business unit of CA Specialities, which was established by Cathy Ayer Clark in 1987 to provide distribution and sales support to chemical companies operating in the personal care segment.
Following the transaction, Clark will continue to lead her organisations as president, reporting to Jay Lang, president of Charkit Chemical Company said: “Cathy has built an exceptional business over the past three decades. I look forward to partnering with Cathy as we grow both businesses to support our suppliers’ and customers’ current and future needs.”
Clark added: “Charkit represents the ideal partner for Custom Ingredients. Our organizations are complementary and will support each other’s growth.
“With a long-term vision and increased access to markets and capital, I’m delighted to partner with Jay and the Charkit/LBB Specialties team as we grow forward together.”
Charles Hinnant, CEO and president of LBB Specialties, said: “This acquisition further demonstrates how our expansion forms the cornerstone of the LBB Specialties growth strategy.
“We are looking for companies that would fall into the “tuck-in” category up to $50 million, as well as larger businesses in the range of $100m which would become platform companies along with Charkit and AIC.
“Of particular interest are companies with a large brand identity and owners who are not quite ready to retire and want to manage the growth of their individual brands under the auspices of LBB.”
© FoodBev Media Ltd 2019