September 24 2015, David R Brown
Caldic expands its food and specialty chemicals footprint in Scandinavia with the acquisition of the R2 Group A/S
International distributor and producer of food ingredients and chemicals, Caldic B.V. has completed the acquisition of the Danish-based, R2 Group A/S, an independent player offering food ingredients and chemical solutions for industrial and health & personal care markets.
R2 Group is a great addition with its production and innovation centers including liquid and dry production facilities for the food industry
Olav van Caldenborgh
CEO of the Caldic Group
The acquisition significantly strengthens Caldic position as a leading distributor and provider of food ingredients solutions in the Nordic region. The deal builds on previous acquisitions in the region including Sollaari Oy, Finland (2012), Palm Trading, Denmark (2011) and Norfoods AB, Sweden (2010) as well as adding further production and innovation centers (including liquid and dry production facilities) for the food industry.
Caldic's CEO, Olav van Caldenborgh, said, “This acquisition is supporting our focus on innovation in order to further extend our full service capabilities. R2 Group is a great addition with its production and innovation centers including liquid and dry production facilities for the food industry. Also, R2 Group obtained a strong position in bio based products and material science. Intensifying our customer focused vision, it ensures our capacity to stay ahead of market developments and fulfill customer demands”.
R2 Group is located in Hedensted, Jylland, and is a leading food ingredients and chemical products provider in the Nordics and also has significant sales in The Netherlands, Germany and Italy. The shareholders of R2 Group are its management team: Peter Skou, Thomas Nielsen and Lars Skou and the Danish private equity fund Maj Invest Equity.
“We look forward to joining forces with Caldic B.V.”, Chief Executive Officer of R2 Group Peter Skou explained. “Caldic is a well-reputed Dutch company, and we share the same values and views of customer service, product innovation, and business ethics.”
Jan Hove, Partner at Maj Invest Equity adds “It has been a pleasure to work closely together with the team at R2 Group, and we are proud to have been part of the journey of developing R2 Group into an even more successful company since we invested in 2011. We are convinced that Caldic is the best owner for R2 Group going forward”.
The acquisition will be funded through a combination of cash at hand and funds made available by Rabobank Rotterdam.
About Caldic
Caldic is an international distributor and producer of ingredients and products for the food, chemical and technical industries with 45 locations including offices, warehouses, laboratories, distribution centres and production facilities in 18 countries across Europe, Asia and North America.
Source(s): Caldic Press release
Further Information
Visit: http://www.caldic.com