AMSTERDAM — Corbion announced it has signed a binding agreement with Kingswood Capital Management, a middle-market private equity firm with experience in food and beverage investments and carve-outs, regarding the sale of the ingredient supplier’s emulsifiers business for $362 million cash.
“Kingswood is excited to take this world-class emulsifiers business forward and build on its tremendous heritage by continuing to provide best-in-class service,” said Alex Wolf, managing partner at Kingswood. “We are delighted to partner with Corbion in creating the largest standalone pure-play emulsifiers business in North America.”