RPM Buys Illinois-Based Food Stabilizers Maker ProfileRPM Buys Illinois-Based Food Stabilizers Maker Profile
December 19, 2019
RPM International Inc.-owned business Mantrose-Haeuser Co. Inc. is purchasing Profile Food Ingredients LLC, an Elgin, IL-based firm that produces dry stabilizers and emulsifier blends for the food industry, a company announcement said this week. Terms of the deal were not disclosed.
“Profile Food Ingredients is a strong synergistic fit with our Mantrose-Haeuser business and its Holton Food Products subsidiary, which will enable us to accelerate both top- and bottom-line growth of the companies,” RPM Chairman and Chief Executive Officer Frank C. Sullivan said in a statement. “This acquisition presents significant opportunities to leverage the combined sales forces of the entities, expand sales of specialty ingredients to the food industry, and broaden our reach in international markets.”
Mantrose-Haeuser is a producer of edible coatings, stabilizers, and specialty ingredients for food and beverage, pharmaceutical, food packaging, and agricultural applications. The Holton Food Products subsidiary supplies the bakery industry with specialty stabilizers and meringue systems.
Profile Food Ingredients’ solutions can be used in dairy products, baked goods, beverages, confections, nutraceuticals, dips, dressings, and sauces. The company’s Safe Quality Food-certified production facility can produce clean label, non-GMO, organic, and natural solutions.
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