The purchase will expand the company’s maleic anhydride capacity ahead of anticipated long-term growth in the global market
03/09/2019 — STONEY CREEK, Ontario — (BUSINESS WIRE)
On the heels of its successful expansion of its malic and fumaric acid finishing capacity earlier in 2019, Bartek Ingredients announced the decision to purchase a 22,000 metric tons/year reactor from MAN Energy Solutions in Deggendorf, Germany.
The reactor will expand the company’s maleic anhydride capacity ahead of anticipated long-term growth in the global acidulants market. It further integrates Bartek’s upstream raw material production with its downstream finishing capacity.
“The new reactor will be a welcome addition to the North American market, where additional capacity is projected to be required by 2023,” Bartek CEO John Burrows said. “Bartek is committed to leading the global market in malic and food grade fumaric acid, and ensuring that our customers are supplied for years to come is a vital element of our long-term strategy.”
Bartek expects delivery of this new reactor in Q4 2020 with the capacity to be online in Q2 2021.
“This investment decision by the Bartek board supports the company’s strategy of investing ahead of market demand and reinforces the company’s objective to operate a best-in-class manufacturing operation,” said Matt Chapman, partner at Bartek’s parent company, TorQuest Partners.
For more information about Bartek and its products, visit bartek.ca.
About Bartek Ingredients
Established in 1969, Bartek Ingredients Inc. is a leading producer of malic acid, fumaric acid, and maleic anhydride. Headquartered in Stoney Creek, Ontario, Canada, Bartek employs 120 people across its two production facilities in Southern Ontario. Bartek’s facilities are registered to the ISO 9001:2015 Standard. Bartek also holds the BRC Global Standard for Food Safety certification, and it distributes to more than 40 countries around the world. For more information about Bartek, visit bartek.ca/.
About TorQuest Partners
Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$2 billion of equity capital under management, TorQuest invests in middle market companies and works in close partnership with management to build value. To learn more about TorQuest Partners, visit torquest.com/.
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KEYWORDS: North America,Canada,
INDUSTRY KEYWORDS: Chemicals/Plastics,Retail,Manufacturing,Other Manufacturing,Food/Beverage,