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Palsgaard picks up all shares in Emulsion Holland
16 May 2011: Palsgaard has acquired the remaining 50 per cent share of Emulsion Holland and its South African subsidiary as it looks to leverage new technologies for chocolate emulsifiers in the future.
The company was one of the original partners behind Emulsion Holland, which was set up in 1950, originally to produce emulsifiers as plate greasing agents for the bakery industry. It later shifted strategy into extruded products and emulsifiers; today it is said to be the world’s biggest producer of chocolate emulsifiers polyglycerol polyricinoleate (PGPR) from castor beans.
The buy-out of the respective 25 per cent stakes held by Dutch firms Protos and Emilijn, for undisclosed sums, was driven by Palsgaard’s desire to be in full control, so it can drive forward the product portfolio in synergy with other emulsifiers products in Juelsminde in Denmark.
Source: Foodnavigator