AMSTERDAM: Corbion, a global leader in ingredient solutions, has agreed to sell its emulsifiers business to Kingswood Capital Management, a private equity firm based in Los Angeles. The deal, which is subject to regulatory approvals and other conditions, is expected to close in the second quarter of this year.

The sale is part of Corbion’s Advance 2025 strategy, which aims to focus on fermentation-based technologies that help preserve what matters. Corbion said it was proud of its legacy as a pioneer and leader in the emulsifier industry, and thanked its employees and customers for their contributions.

Kingswood said it was excited to take the emulsifiers business forward and provide best-in-class service. It said emulsifiers play a key role in meeting the evolving needs of the global market, both for food and non-food applications. Kingswood will acquire two US-based manufacturing plants and about 175 employees from Corbion, and will work with Corbion to ensure a smooth transition.

“Corbion takes immense pride in its heritage as a pioneer and leader in the emulsifier industry, and we appreciate the dedicated employees and loyal customers who contributed to this successful chapter in our history,” said Andy Muller, President of Sustainable Food Solutions at Corbion.

Corbion and Kingswood will work together, with supply and service agreements in place, to enable a smooth transition and to ensure that customers continue to experience a high level of service. The transaction is expected to close in the second quarter of this year.

“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. We are delighted to partner with Corbion in creating the largest standalone pure-play emulsifiers business in North America,” said Alex Wolf, Managing Partner at Kingswood.