Niacet
Company

date founded

Financing round

General

About Company
Niacet produces chemical products for the food and pharmaceutical industries.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1978

Number of employees

Company Type

For Profit

IPO status

Private

Description

The company is a leading manufacturer and supplier of organic and acid salts, including propionates and acetates, which are essential for food preservation, antibiotic formulation, dialysis treatment, energy production, animal nutrition, and other medical applications. With two fully automated manufacturing sites in the US and the Netherlands, Niacet offers high-quality products to a global market. Recently acquired by Kerry, the company now collaborates to provide a full range of solutions for complex food safety challenges. Niacet continuously innovates to deliver trusted, evidence-based solutions using new scientific knowledge and production processes.
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M&A Details
1

Transaction name

Acquired by

Kerry

announced date

21.06.2021

price

$1.02B
Local Amount - EUR 853M

Financials

Co-Investors

People

Founders
1
Michael R. Brannen
Michael R. Brannen

Michael R. Brannen

Michael R. Brannen was the Founder of Niacet. Michael R. Brannen, who bought a foundering chemical company 30 years ago and transformed it into Niacet Corp. Mr. Brannen graduated from East Bank High School in 1940. Mr. Brannen worked in research and development, sales and marketing at various locations, including Pittsburgh, St. Louis, Minneapolis and New York City.

current job

Niacet
Niacet

organization founded

1

Michael R. Brannen

Employee Profiles
8

Charlie Commisso

Vice president human resources

Adnan Mesanovic

Service level manager

Salvatore D'Angelo

Manager, quality assurance and regulatory affairs

Michael R. Brannen

Michael R. Brannen

Founder

Justus Haanebeek

Human resources manager

Kelly Brannen

Chief Executive Officer

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