Caldic acquires Canadian food ingredients business

02 October 2012 17:17  [Source: ICIS news]

LONDON (ICIS)--Dutch chemicals distributor Caldic has completed the acquisition of Nealanders International, a Canadian distributor of food ingredients, the company said on Tuesday.

Nealanders employs 180 people and has an annual turnover of $180m (€148m), according to Caldic. A sale price was not disclosed

Nealanders is a Canadian supplier of raw materials for the food and personal care markets, including antioxidants, release agents and mineral enrichment blends.

Caldic posted a turnover of $815m in 2011, with 25% of its business that year related to the food industry.

($1 = €0.78)

By: Tom Brown
+44 208 652 3214

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