For several years consolidation has hung on the horizon of the raw material and ingredient supply (RMIS) business. Judging by the number of high-profile transactions that have materialized since the beginning of 2005, the fragmented RMIS sector now finds itself in the midst of a period of intensifying merger and acquisition activity.
Boutique investment banking firm Health Business Partners (HBP, Warwick, R.I.) counted some 43 transactions from January 2005 through A
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