RPM acquired Holton Food Products- U.S. based Food Stabilizer Manufacturer

United States: RPM International Inc. which has been offering specialty coatings, sealants, building materials products and services, has announced that Mantrose-Haeuser Co. Inc., a subsidiary of RPM has acquired a U.S. based company Holton Food Products. Holton Food Products is one of the significant suppliers in the United States Food Additive Market and engaged in the production and distribution of food stabilizer and dry egg white products for the bakery, desserts and prepared food industry. The transaction is expected to be accretive to earnings by 2017.

TechSci Research depicts that this acquisition would enable Mantrose to expand its product portfolio in the food additive market primarily in the bakery market. Over the past few years, the United States has witnessed a paradigm shift towards consumption of processed and packaged foods due to busier lifestyles and growing working population. This, in turn, is propelling food manufacturers to use specialty chemicals called food additives. Food stabilizers to enhance the color, flavor, texture and shelf life of processed food products.

According to recently released TechSci Research report “United States Food Additives Market Forecast and Opportunities, 2019”, the market for food additives in the United States is projected to witness a CAGR of around 7% till 2019. Consumers in the US are showing inclinations towards naturally sourced products, which is driving food producers to make and use all natural food additives such as organic preservatives, colorants, emulsifiers, and flavors among others. All these factors, in combination, are driving the market for food additives in the country.