Brain takes over Biosun Biochemicals from Tampa (Florida / USA). The seller is Mark Messersmith, the company’s founder and chairman. Financial details are not disclosed.
With this, Brain strengthens its position in the USA, especially in the bio-industrial sector. The new acquisition there is a distributor, formulator and mixer of enzymes, flavors, food ingredients and natural colors. Biosun is also the US distributor for Givaudan’s flavors. It generates annual sales in the low to mid single-digit million range. It is in the black.
Lukas Linnig, CFO of Brain, explains: “Biosun is an acquisition that will increase our rate of growth, strengthen our product business and open up an improved sales network for all BRAIN Group companies in the important US market. This bolt-on acquisition fits in very well with our declared M&A strategy and was concluded on advantageous terms. “
Brain shares gained 2.6 percent at noon to 9.30 euros.