MEDINA, OHIO — Mantrose-Haesuer, a subsidiary of RPM International Inc., has acquired Holton Food Products Co., a supplier of food stabilizer and dry egg white products for the bakery and prepared food markets. Based in LaGrange, Ill., Holton has annual net sales of $7 million. Financial terms of the transaction were not disclosed. Founded in 1946, Holton supplies high-strength dry egg white products, used with its food stabilizers, for small- or large-scale, high-speed production of meringue toppings, fillings, cookies, cakes, pies, and other dessert and entree items. The company’s products primarily are sold to large bakery and food companies to optimize appearance, texture, moisture control, production efficiency, freeze-thaw stability and shelf life. Ross, John and David Holton, sons of the founder, will stay on to run the business.
|Frank C. Sullivan, chairman and c.e.o. of RPM International|
“Holton, with its high degree of expertise in food stabilizers, is a good strategic fit with our subsidiary, Mantrose-Haeuser,” said Frank C. Sullivan, chairman and chief executive officer of RPM International. “The acquisition expands Mantrose’s range of specialty food ingredients and provides a key entry into the bakery market. We expect to grow Holton internationally by leveraging its products across the Mantrose-Haeuser distribution network.”