This is the modified version that I put in my code (I'm using .Net 4.5) but I think it should work on 4.0 too.
public void AppendText(string text, Color color, bool addNewLine = false)
{
box.SuspendLayout();
box.SelectionColor = color;
box.AppendText(addNewLine
? $"{text}{Environment.NewLine}"
: text);
box.ScrollToCaret();
box.ResumeLayout();
}
Differences with original one: