BRAIN AG (B.R.A.I.N. Biotechnology Research and Information Network AG) has concluded an agreement to purchase all shares of Florida, US, based Biosun Biochemicals Inc. from founder and chairman Mark Messersmith. The transaction has closed on January 1st, 2021.
Biosun is a distributor, formulator and blender offering a full line of ingredients including: flavors, enzymes, natural colors and specialty food ingredients. Biosun is a select United States distributor for Givaudan's flavors. The company generates revenues in the low to mid-single digit million USD range and has been profitable for all of its years of operation. Further terms of the agreement will not be publicly disclosed.
The completion of this acquisition will give BRAIN an enhanced access to the large and important US market, bring many established customer relationships to the group and enhance BRAIN´s growth trajectory in North America. Biosun will continue to operate under the current company name.
Mark Messersmith, Chairman & Founder, Biosun Biochemicals Inc., states: “I have founded Biosun over 20 years ago which today is a well respected multifaceted distributor and blender of unique food ingredient formulations in the US market. With BRAIN as a successor I have now found the optimal owner to accelerate Biosun’s growth ambitions and to open a new chapter in the business development for my employees and to offer new possibilities to our valued customers.”
Lukas Linnig, CFO BRAIN AG, expresses: “We are very glad to welcome the Biosun team as a new Group member. Biosun is an acquisition, which will further enhance our growth profile, strengthen our products business and open up an improved distribution network for all BRAIN Group companies in the important US market. This bolt-on acquisition fits very well to our stated M&A strategy and has been concluded at favorable terms.”
Biosun Flavors and Food Ingredients is a US, Tampa Florida, based multifaceted distributor, blender and manufacturer. We offer a full line of ingredients to satisfy the specialized needs of our customer, including: flavors, processing enzymes, natural colors, FD&C colors and specialty food ingredients. Biosun FFI has formed exclusive partnerships with industry-leading companies to bring the highest quality products to our customers. We are proud to be one of the select United States distributor for Givaudan's flavors.
Biosun's mission is to achieve and maintain the highest standards of quality in the distribution and manufacture of flavor and food ingredient products. We are dedicated to supplying our customers with high quality, safe and competitive products while creating an atmosphere of exceptional customer service, including a high level of customer contact by using our staff of professional technicians and in-house analytical and pilot application laboratory. – Further informationen: www.biosunffi.com