Harris Williams, a global investment bank specializing in M&A advisory services, has announced it is advising JM Swank, a portfolio company of Platinum Equity, on its pending sale to Brenntag.

Tim Alexander, managing director, Harris Williams said, “JM Swank’s exclusive focus on food ingredients brings significant value to its customers, and the partnership with Brenntag will take that service to the next level.”

“M&A activity in the broader food ingredient sector continues to be strong across several categories as well as throughout the supply chain, which includes manufacturers and distributors,” said Brant Cash, a Managing Director at Harris Williams.

“The sector has been insulated from broader economic conditions and continues to benefit from strong demand across diverse end markets, including consumer packaged goods and foodservice,” added Cash.

With its varied and broad product portfolio and supplier base, JM Swank works hard to meet its customers’ product needs and build supply chain efficiency. JM Swank services the bakery and snack; meats; organic; non-GMO; pet food; and soups, sauces, and dressing markets nationwide. With warehouses strategically located throughout the United States, JM Swank’s fleet and BRC certified facilities deliver full compliance and food safety standards.

Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,000 employees worldwide and operates a network of more than 670 sites in 77 countries. In 2020, Brenntag generated sales of around 11.8 billion euros.