Industry News

Vantage Specialty Chemicals Inc. Acquires Mallet and Co. Inc.

United States: Vantage Specialty Chemicals Inc., a Chicago based company, involved in the manufacturing and distribution of nature based specialty chemicals used for the production of food, industrial and consumer products, has acquired Mallet and Co. Inc., a Pennsylvania based global manufacturer of food industry products. Mallet is engaged in the manufacturing and supply of ingredients used for baking purposes, such as emulsifier icings stabilizers, cake pan greasers, food grade compounds, edible oil and specialty blends. Vantage Specialty Chemicals, a leading specialty ingredients manufacturer, has six manufacturing units in the US and other offices in Asia, Europe, Latin America and South Africa.

TechSci Research depicts that the acquisition of Mallet and Co. by Vantage is expected to aid the expansion of Vantage’s food ingredients business across the globe. Moreover, the acquisition would aid Vantage to enter into the segment of baking release ingredients and increase its presence in the United States food additives market.

According to the recent report published by TechSci Research, “United States Food Additives Market Forecast & Opportunities, 2019”, the food additives market in the United States is expected to grow at around 7% till 2019. The market is broadly categorized into five segments, namely flavors & flavor enhancers, sweeteners, colorants, emulsifiers and preservatives. Western and Mid-western regions generate highest demand for food additives in the country due to the presence of a large number of food and beverage establishments in these regions. Givaudan, International Flavors & Fragrances, CHR Wilson, Sensient and DuPont Danisco are among the major suppliers of food additives in the United States.

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