The Riverside Co. has invested in GSB & Associates, Inc. The company is a flavor house specializing in custom flavor development. GSB has a diverse portfolio of liquid and powdered flavors, as well as complementary products such as masking agents and flavor enhancers. The company will be the first add-on to one of Riverside’s most recent portfolio companies, National Flavors.
As Riverside continues to look for additional investments to add to its growing platform, one of the ways it differentiates itself in the market is through its Flavor & Specialty Ingredient Advisory Board. The advisory board is comprised of flavor industry experts that provide value-added advice and guidance to Riverside’s flavor platform.
“The Flavor & Specialty Ingredient Advisory Board has been a great strategic partner,” said Riverside Partner Alan Peyrat. “Having access to such an experienced bench of industry experts has been, and will continue to be, extremely valuable as we continue executing an aggressive inorganic growth strategy to build out the platform further and invest in businesses with differentiated product portfolios, unique R&D capabilities and diverse end-market expertise.”
Working with Riverside Managing Partner Loren Schlachet and Riverside Partner Alan Peyrat on the investment were Senior Associate Liz Burke, Associate David Myers, Analyst Erin Reger, Operating Partner Brad Mundt and Finance Director Doug Guess. Director of Research Matthew Delly sourced the deal for Riverside.